Word: start-up
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...detailed definitions of what constitutes predatory behavior and unfair methods of competition. The guidelines will, for the first time since deregulation, allow the DOT wide latitude in looking into the subtle ways competition can be affected. For instance, if a large airline threatens vendors who offer their services to start-up airlines, the new rules would let the DOT move quickly to make the offender halt these practices...
...hands of local and state politicians, and get a major new runway built at every large airport that can physically accommodate it. Big airlines often try to block these projects in order to keep out competitors. Says Allan McArtor, former head of the FAA and CEO of troubled start-up Legend Airlines: "The biggest deterrent to new airport planning is the resistance and political clout of major carriers. Dominant airlines must stop fighting new airport development if the entire system is going to improve." The FAA is on the right track in attempting to transform nearly two dozen former military...
Neeleman, a hyperactive 41-year-old who sold a previous start-up to Southwest Airlines, can often be found flitting around jetBlue's gates at Terminal 6 at John F. Kennedy Airport, the company's home base, chatting with the passengers filling his spanking-new blue-and-white jets. From J.F.K., jetBlue flies to Burlington, Vt.; Fort Lauderdale, Fla.; Ontario, Calif.; and eight other cities. One-way fares range from...
Borrowing strategies from Southwest, Neeleman aims at routes where fares are high, uses only one kind of plane and treats his customers as if they actually matter. Before the first reservation was taken, Neeleman got more financing than any other start-up had ever seen, $128 million from the likes of George Soros and Chase Capital. Then he bought a handful of factory-fresh Airbus 320s, outfitted them with cushy leather seats and put a satellite TV at every...
More astonishing still is how South Koreans have embraced the Internet as a tool for living, American-style. In what was a tradition-bound, dirt-poor farming country barely a generation ago, South Koreans are going online to network, day trade, date and prowl for sex. Ambitious start-up companies are churning out content to meet the billowing demand. Computer gaming has become a professional sport, with sponsorships, prize money and battles performed in public. "South Korea is a laboratory," says Daniel O'Neill, executive chairman of QoS Networks, a Dublin Internet company that plans to set up shop...