LYCOS RETRIEVER 
Airline: American Airlines
built 644 days ago
[T]he last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. Today, almost every single legacy carrier except for American Airlines have operated under Chapter 11 bankruptcy provisions or have gone out of business.
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[E]xperts warn that the U.S. airline system, which is already extremely safe, probably can never be completely without risk. According to Stuart Matthews, president of the Flight Safety Foundation, "If the public absolutely demands that flying be totally safe, you are going to have to ban flying." Given the choice between taking a calculated risk and not flying at all, Americans, who take their lives into their hands each time they drive, will probably continue to trust the statistics and take their chances. What form the industry will assume when the deregulation dust finally settles remains an open question.
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Iberia - Spain plans to sell 30 percent of Iberia Lineas Aereas de Espana, its state-run airline, directly to investors. Banco Bilbao Vizcaya in Spain is reported to be an interested investor. American Airlines and British Airways have already pledged to acquire a 10 percent interest between them.
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BA owns a 10% stake in Spanish airline Iberia. It raised its stake in Iberia from 9% to 10% by purchasing American Airlines' remaining shares. This 10% stake gives British Airways the right to appoint two board members.[51]
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Latin Trade readers selected American as the best airline in Latin America due to its extensive route system, with 212 daily flights to the region. American ... has the largest codesharing and partnership relationships with other Latin American carriers and is the only carrier that flies to all major cities in the region.
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In 1997 Ayling dropped BA's traditional Union Flag tailfin livery in favour of world design tailfins, in an effort to change its image from a strictly British and aloof carrier to a more cosmopolitan airline. The move was not a success and Ayling slowed the process, eventually declaring the fleet would sport a dual livery; half a Union Flag design, half the world design tailfins. Ayling pursued antitrust immunity with American Airlines, but this was unsuccessful due to the conditions placed on the deal by regulatory authorities, the most painful of which would have been the sacrifice of landing slots at Heathrow.[7]
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