Word: montreal
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Dates: during 1980-1989
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...company will cover the remaining $264 million of the purchase price by forgiving $185 million in debt that the parent company, Texas Air, currently owes to Eastern and by handing over to Texas Air $79 million in Eastern assets. Those properties include Eastern's profitable New York-Montreal route, one airport gate at New York's La Guardia Airport and eight pairs of takeoff-and-landing slots at U.S. and Canadian airports...
Okay, even if the Bruins beat the Sabres in the NHL playoffs, they'll probably face the Montreal Canadiens in the next round. What jinx...
...improve its precarious cash position, Eastern on the eve of bankruptcy agreed to sell eight boarding gates at the Philadelphia airport to USAir for $70 million. It picked up $15 million more by agreeing to sell its Philadelphia-Toronto and Philadelphia-Montreal routes to USAir. In addition, Eastern leased landing slots on its New York-Miami routes to Continental. Accusations flew that Lorenzo was dismantling the airline even during the strike. Responded Lorenzo angrily: "Had we sold assets quicker, Eastern wouldn't be in bankruptcy today." Along with the shuttle sale to Trump, the deals with USAir will have...
Catch the Bruins Tuesday night in Pittsburgh? Bruins 8, Mario and Company, 2. Bring on Montreal...
...dealing with the threat to the ozone. In a surprise step, environmental ministers meeting in Brussels agreed that their countries would reduce CFC production by 85% as soon as possible and try to ban the chemicals altogether by the end of the century. That goes far beyond the 1987 Montreal Protocol, ratified by the U.S. and 30 other nations, which pledged only a 50% reduction...