Word: pans
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...retailing to innkeeping. Last week Eastern Air Lines, which has struggled in bankruptcy since March 1989, closed down after 62 years of flying. The carrier, which has 18,000 employees, was forced to halt operations because of a cash shortage and lack of any buyers. Since December, Continental and Pan Am have filed for Chapter 11 protection...
What are Arabs to do with Saddam Hussein? What are they to think if they see the devil in the hero, the thug tricked up as a Pan-Arabist dreamer? In considering Saddam, many Arabs are sorting out complexities in themselves. They are formulating an attitude toward their collective past and future, toward the Arabs' place in the world. The exercise does not leave them entirely happy...
When financially emaciated Pan Am was looking for a well-heeled partner, few carriers were courting the airline. But as soon as the venerable company filed for Chapter 11 protection last week, competitors were suddenly flocking to bankruptcy court. Rival carriers Delta, Trans World and Northwest all expressed interest in buying some part of the bankrupt airline. Even show-biz financier Kirk Kerkorian made an offer, promising to provide as much as $50 million in emergency financing. But bankruptcy judge Cornelius Blackshear rejected all the bids as latecomers...
Instead, the Manhattan-based judge allowed Pan Am to go ahead with an earlier deal to sell its five U.S.-to-London routes to United Airlines for $290 million. Pan Am will get an immediate infusion of $150 million, one-third from United and the rest in bank loans. Pan Am plans to keep flying and honor all tickets and frequent-flyer credits...
...Sonyland will feature the products of its parent company and its motion-picture subsidiary. The opening date, location and specific amusements of Sonyland remain a mystery. One of the rumored attractions: a ride featuring the pirate ship from Columbia's forthcoming movie Hook, a Steven Spielberg sequel to Peter Pan...