Word: sia
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Dates: during 1970-1979
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...weeks later, the duke goes to Maurizio's tobacco shop to deliver 800 million lire ($925,000) in ransom. Soon Giovanna is released and reunited with her parents. They sing the triumphant trio Alfin ci ritroviam! (At last we are reunited!). The Chorus then sings the plaintive Benche liberata sia, Daniel ha rapito il suo cuore ribelle (Though freed is she, Daniel has kidnaped her rebellious heart). The police raid Maurizio's apartment, and he is carted...
...SIA gets a lift from its high level of repeat travelers. British travel agents voted SIA "airline of the year" in 1977, and a survey of 500 agents in the Asian-Pacific region placed it first in the area. The line does not belong to the International Air Transport Association cartel, so it can give all sorts of free extras to passengers. In both first class and economy, they get free champagne and drinks even before takeoff; gifts like pens or complete leather toilet sets are distributed on every flight to first-class passengers. SIA is spending $30 million...
...line now operates a largely Boeing-made 27-plane fleet, and it is buying primarily to standardize equipment and get new fuel-efficient Pratt & Whitney engines. "The devil you know is better than the one you don't," says SIA Chairman Joseph Pillay, who is 44 but looks much younger...
...quarter of the $900 million will come from the sale of older and thirstier 707s, 737s and 747s, and SIA will wind up with a fleet of no more than 32 jets. A further quarter will be provided by internal cash flow generated by its policy of using speedy six-year plane depreciation (vs. about 15 years for most U.S. airlines). The rest, or about $450 million, will be financed externally. Says Pillay: "We shall approach the Export-Import Bank for about $360 million and get the rest from commercial U.S., European and Asian banks." If any part...
...doubt the U.S.'s Eximbank will make loans to SIA, and that may cause a touch of embarrassment for both Boeing and United Technologies, the parent of Pratt & Whitney. Only last month executives of both companies blasted Eastern Air Lines' $778 million purchase of 19 European-made A300 Airbuses, charging that the deals had been "unfairly subsidized" by the German, French and Spanish governments. Boeing never had strong grounds for complaint anyway-it accounts for more than half of all commercial plane sales in the non-Communist world. To keep up with traffic growth and meet noise...