Word: zuricher
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Over the next months, the Popular Front staged airport or aircraft attacks against El Al in Athens, Zurich and Munich, though with scant success. One of its men was killed by an Israeli security guard in Zurich, and twelve have been captured. The P.F.L.P. is widely believed to have caused the explosion aboard a Swissair jetliner en route to Israel last February that sent 47 people to their death. Early this spring, it even issued a fund-raising stamp celebrating its hijacking successes. Then in July, apparently having decided that too many of its air pirates were languishing in foreign...
...almost that same moment, Arab hijackers were seizing control of yet another plane. A Swissair DC-8 was over France on its way from Zurich to New York when French ground controllers were surprised to hear a woman speaking on the Swissair frequency. "Swissair Flight 100 is in our complete control," she said. "Our call sign is Haifa One. We will not answer to any other code." Meanwhile TWA Flight 741 had also issued a new call signal. It was Gaza...
...military, commercial and foreign-aid ventures for years have pumped a stream of dollars into non-Communist Asia. Usually, the dollars flowed right out again-mostly to London or Zurich. Asian capitalists preferred to deposit coveted hard currency without encountering the burdensome exchange restrictions and withholding taxes on interest that they would meet at home. Now, however, a growing number of the dollars are traveling no farther than Singapore. There, U.S. bankers and local officials have created a Far Eastern version of the Eurodollar market-the $40 billion pool of U.S. money on deposit in private banks in Europe...
...builders. Inter-Continental, which is owned by Pan American World Airways, is building in Prague and Bucharest, and this month the 360-room Duna Inter-Continental opened in Budapest. Hilton International, which is owned by Trans World Airlines, this year will add four more hotels from Abu Dhabi to Zurich to its chain of 51 in 33 countries. United Air Lines plans to acquire Seattle-based Western International Hotels to form another formidable travel and lodging combine. An American Airlines subsidiary has just opened the 21-story Chosun in Seoul...
...Alitalia and Swissair-have teamed up with the London investment banking house of S.G. Warburg and four Eu~-ropean banks to form European Hotel Corp. The combine plans $50 million worth of hotels for the neglected low-price end of the market in London, Paris, Rome, Frankfurt, Munich and Zurich. The American challenge last month prompted a merger by two of Britain's hotel giants, Forte's and Trust Houses, into one of Europe's largest operations Complains Chairman Charles Forte: 'Too many people are dashing into the hotel business thinking it's easy money...