Word: travelled
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...required to be astronauts, like Steve Austin, the Six Million Dollar Man." Actually, it's a two-way street. Virgin Galactic must find out before blast-off how people in their 50s, 60s and 70s - those most able to afford it - can cope with the stress of space travel. "To be commercial viable and safe, we need data on the way people react to g forces and the psychological experience of going into space. We don't know that yet," says Alex Tai, Galactic's chief of operations - and the man who will pilot first Virgin's first spaceship...
...timing couldn't be better, as air travel is approaching pre-9/11 levels. Moreover, U.S. financial houses are rapidly expanding in London, and the merger wave is in full bloom in Europe. "I'm surprised that EOS and MAXjet are still with us," says Andrew Lobbenberg, a transport analyst at ABN AMRO, "but they've gotten lucky because of the transatlantic cycle. Business travel is booming right...
...just eight months later; most start-ups take two years. Hunt expects to break even in six to eight months and will soon add a second and a third plane. Silverjet looks to be going the way of Hunt's six previous start-ups in the technology and travel industries. Its stock ($3.08) is already trading at twice what investors expected, he says...
...transatlantic market, buoyed by corporate travel, can keep a lot of planes in the air, but should the traffic slow, the incumbents could always resort to price wars, a tactic they've used in the past to shoo away upstarts. The upstarts, on the other hand, need new markets, which could test their operating capability. "EOS is still the gold standard, but Silverjet is proving that the alternative carriers are here to stay," says Michael Holtz, owner of the Smart Flyer, a high-end travel agency in New York City. As a publicly traded company, Silverjet will be under pressure...
...area in Iraq since the fall of Saddam's regime." Once a cosmopolitan city and the center of Iraq's oil industry, the city - under British control - has become a violent maelstrom of warring Islamic elements. While the British initially could patrol the city without helmets, now they travel in heavily armored vehicles. "Basra is increasingly a kleptocracy used by Islamist militias to fill their war chests," the report says...