Word: viasa
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Governments have announced plans to sell stakes in a dozen national airlines, including AeroPeru, Lot Polish Airlines and Viasa in Venezuela. An estimated 30 telephone companies, including stakes in those of Uruguay and Venezuela, are up for sale or will become available in the next few years. Some $50 billion worth of properties are on the block in just Latin America and Eastern Europe, and businesses worth hundreds of billions of dollars will be sold worldwide over the next several years. The offerings include huge ! industrial conglomerates and small retail chains, banks and restaurants, oil fields, utilities and hotels...
After vacillating for twelve days, Federal Aviation Administrator Langhorne Bond last week issued an "emergency order of suspension" that indefinitely lifted the design certificate of the DC-10s in the U.S. The grounding was voluntarily followed by all but one airline outside the U.S. (Venezuela's Viasa, which uses five DC-10s). A total of 41 airlines that normally carry 60,000 passengers a day on the $40 million plane built by the McDonnell Douglas Corp. had suddenly lost key portions of their fleets. The initial result was confusion and tedious delays in airport terminals as travelers scrambled...
...tripped prettily off Viasa Flight 737 with her fiancé, and was walking toward immigration at the Caracas terminal when sharp-eyed Venezuelan plainclothesmen decided she was too round to be real. When they searched Josefa Ventosa Jiménez, 22, they found that the fetching passenger from Rome was wearing a specially made girdle stuffed with 1,200 crisp $100 bills. Her companion, Alessandro Beltramini, 53, a Milan physician and longtime Communist, was also well padded: his vest yielded...
...Discouraged by $250,000-a-month losses on international routes alone, the Venezuelan government 14 months ago transformed its state-owned LAV airline into VIASA. a new international carrier whose ownership is split 55%-45% between the government and private Venezuelan capital. With a profit of $100,000 so far, VIASA expects to wind up this year firmly in the black. Chiefly responsible is VIASA President Oscar Machado Zuloaga, 42, dynamic, M.I.T.-edu-cated general manager of the Caracas Electrical Co. Machado, who runs the airline on the side for a salary of $8,000 a year, has turned...
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