Word: transatlanticism
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The deal in question is a proposal by British Airways to spend $750 million to buy a 44% ownership of Pittsburgh-based USAir. The transatlantic partnership would rank as one of the three biggest airlines in the world, linking 339 destinations in 71 countries. That powerful combination has prompted a...
If the deal goes through, the competitors with the most to lose would be American, Delta and United. The three sky kings have won the hard-fought deregulation war in the U.S., increasing their combined domestic market share from 38% a decade ago to 60% today and vaulting to the...
British Airways, one of the largest and most profitable carriers in the world, is taxiing toward unlimited access to U.S. markets vital to the Big Three. USAir, with its concentration of hubs in the eastern U.S., the point of origin for much travel to Europe, can give British Airways crushing...
The Age of Exploration enriched Europe, but its consequences for the peoples of Africa and the Americas were mostly disastrous. Africa had had a slave trade, conducted by nomadic Muslim merchants, before the seafarers arrived, and the traffic persisted even after European nations outlawed it during the 19th century. In...
NOT SINCE THE DAYS OF THE RED BARON HAVE THE transatlantic skies seen such a dogfight. The global consolidation of the airline industry is moving into a cross-border phase, led by the desire of American carriers to secure overseas markets and foreign airlines to buy stakes in some of...