Word: pans
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Dates: during 1980-1989
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...like Pepsi, Jackson and Ritchie are fads--flashes in the pan "Thriller" is no American classic, but Coke...
...worldwide radio audience listened and 100,000 onlookers cheered on Nov. 22, 1935, as the giant* seaplane China Clipper lumbered out of the waters of San Francisco Bay and headed west. The seven-day, four-stop voyage to Manila by the Pan American World Airways craft marked the first commercial flight across the Pacific and opened a romantic new chapter in aviation history. Romance went to the movies in the 1936 film China Clipper, starring Humphrey Bogart...
Last week Pan Am closed the books on its pioneering role. In a startling move, the ailing carrier sold its Pacific routes to United Airlines for $750 million. The profitable Far East service accounted for more than 20% of Pan Am's 1984 operating revenues of $3.3 billion...
...deal will bring needed cash to an airline that has lost more than $1 billion since 1980 and suffered a 28-day strike by ground workers in March. Pan Am will use the money to reduce its $1.2 billion debt and help pay for 28 jets it is getting from Airbus Industrie at a cost of more than $1 billion. Pan Am Chairman Edward Acker called the route sale "a great trauma for me personally. It was like letting your child leave home to get married or go off to school...
DIED. John Frederick Coots, 87, Tin Pan Alley-era tunesmith who composed the music for Santa Claus Is Coming to Town, Love Letters in the Sand, You Go to My Head and hundreds of other songs, as well as the scores for a dozen 1920s Broadway shows, of which the best known was Sons o' Guns (1929); in New York City...