Word: pans
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Dates: during 1980-1989
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Like individuals, companies borrow to keep up with the Joneses. The debt that it takes to remain competitive can grow particularly heavy when corporate profits are low, as they have been for the past year. Even Pan American World Airways, which sold its Pacific routes to United in April for $750 million, will soon have to borrow more to acquire a new fleet of fuel-efficient jetliners. The company expects to assume more than $1 billion in obligations when it starts taking delivery of 28 European-built Airbuses...
...would still be restless. He would still crave those moments when he can spin amazing stories for himself, his kid sisters and a world of children in the dark. To demand that he revoke his inexhaustible thirst for wonder would be like asking Dickens to be Dreiser, or Peter Pan to settle down and become complacent old Mr. Darling...
...soothe the anxiety of travelers. Airlines and travel agents reported few canceled reservations in Europe, the Middle East and Asia. In the U.S., where almost 9,000 people abandoned plans to visit Greece in the first few days after the TWA hijacking, cancellations slowed to a trickle, and both Pan Am and TWA resumed service to Athens...
...Forman (see box) walked away with a best-director statuette for his work on the laurel-laden Amadeus. This year's first surprise hit, Witness, was directed by Australian Peter Weir; this summer's runaway "Gook" buster, Rambo: First Blood Part II, was helmed by the Greek immigrant George Pan Cosmatos. Indeed, when America wants to cauterize its own psychology or psychopathy onscreen these days -- in Birdy or The Falcon and the Snowman, in The Killing Fields or Alamo Bay -- chances are it will call on a foreign director to perform the surgery...
...recently been making major deals at Mach 1 speed. In the past two months the company has bought the Pacific routes of Pan American for $750 million and paid $265 million for 30 jets owned by ailing Frontier Airlines. To raise cash for the deals and add to its $1.1 billion cash hoard, UAL worked out a way to sell half of its Westin hotels to investors while retaining management contracts and fees. The company could realize $800 million to $900 million because of increased property values...