Word: usair
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Dates: during 1990-1999
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...American carriers to secure overseas markets and foreign airlines to buy stakes in some of the weaker U.S. operators. These initiatives have triggered a war of words between European and American transportation officials. In reaction to British Airways' bid to acquire a 44% equity stake in financially troubled USAir, a trio of American airlines has closed ranks to oppose the deal, unless they are granted greater access to British markets. At the same time, the German parliament's Transport Committee threatened to terminate its 1955 air treaty with the U.S. if the Americans did not open more airports to German...
...beating hasn't stopped. Last December the Department of Energy announced the closure of the EG&G Mound Applied Technologies nuclear-weapons facility in Miamisburg (pop. 18,000), which employs 1,600 and pumps millions into the community. In January USAir closed most of its hub at Dayton International Airport. Heavy dependence on the auto industry gives residents the jitters: with eight plants employing about 20,000 workers, Montgomery County has the largest concentration of domestic GM jobs outside Michigan...
...encounter this time was far friendlier than at Lexington and Concord. In one of the biggest cross-border deals to date, British Airways agreed to acquire a 44% equity stake in USAir for $750 million. If approved, the transaction will result in the largest airline alliance ever and could accelerate worldwide consolidation of the industry. The most immediate impact, though, will be to rescue the Arlington, Va., carrier from a cloudy financial future. After expanding rapidly in the late 1980s, USAir was blown off course by the economic recession and a slowdown in air travel. It has lost more than...
Just when airline passengers were beginning to miss those great fare-war bargains, they learned that they are about to collect $400 million more in benefits from American, United, Delta and USAir. The four carriers agreed to pay the money out in the form of consumer discounts to settle their part of one of the largest class-action lawsuits in history. Along with several other airlines, some of which are now bankrupt or have discontinued operations, they had been charged with price fixing...
Holly K. Tabor '94, who lives near Washington,D.C., said the more expensive USAir tickets willmake traveling more difficult...