Flying Blind.FILE THIS UNDER "WE KILLED THE open skies agreement The Open Skies Agreement is a recently negotiated treaty between the United States and the European Union. The agreement will allow any European or U.S. airline to fly any route between any city in the EU and any city in the United States. in order to save it." Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. made clear its willingness to go to any lengths to save air carrier Aerolineas when the government put its open skies agreement with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. on ice. Argentina has until 2003 to secure and comply with the open skies agreement. But first Aerolineas, with its US$600 million debt, will have to catch the eye of some solid investors. Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. controlling company Sepi's $70 million infusion in early February, although welcome, represented little more than a token act. The carrier faces some hard work before it can woo investors. Its workforce needs to hike productivity and talks with unions later this year promise to be tough. At the same time, the carrier will have to find a way to negotiate out of its jet lease agreements so it can streamline the fleet and make it more uniform. The 50-plane inventory is now split between older gas hogs and the pricey Pricey Term used for an unrealistically low bid price or unrealistically high offer price. pricey Of, relating to, or being an unrealistically high offer. An offer to sell a security at $50 when the current market price is $47 is pricey. , more efficient A330s the airline picked up last year. "It's not as though there is just one thing to do here," Bob Booth, president of Miami-based Aviation Management Services, says. "Still, this is not a basket-case airline. This is a billion-dollar airline." |
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