Word: partnering
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Dates: during 1990-1999
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...grow together as if they were a much larger global network. Our ultimate objective is to provide a seamless travel experience." Last week Houston's Continental Airlines, struggling to emerge from its second Chapter 11 bankruptcy proceedings in a decade, announced that it too had found a cross-border partner. A group of investors, led by Air Canada, will invest $450 million in the Texas carrier as soon as it clears bankruptcy, which it expects to do early next year...
...proposed British Airways-USAir linkup, the most controversial of them all, is seen by its U.S. partner as a move into the big leagues. After a decade of rapid expansion, USAir has stalled, losing $973 million since 1989. Says George James, an airline-industry analyst: "Their situation is desperate. They have grown into an airline the size of a global carrier without global routes. If they don't obtain the British Airways deal, they will have to reduce their size back down to that of a regional commuter airline...
...advantage of all such links is so-called "code sharing," a reference to the merging of the partners' reservations systems. This ticketing practice effectively steers travelers away from competing carriers by directing them smoothly to the partner. Air Canada would feed passengers into Continental planes on Continental routes and carry American passengers into its own. The richer the markets on each side of the partnership, the greater the competitive advantage these arrangements offer in effectively screening out other carriers...
...appliances." Or it may be merely another case of American don't-know-how. In City Slickers, Billy Crystal spends much of one day on the trail fruitlessly trying to explain to Daniel Stern how to tape one show while watching another. "He'll never get it!" cries their partner, Bruno Kirby. "It's been four hours. The cows can tape something by now." Yes, and those moo-activated VCRs are just around the corner...
Harvard Radio and TV in Medford also got its name from its address, explains partner Mike N. Agostino. "The original store was on Harvard St. in South Medford," he says...