Iran to lease Concorde jets to Pan Am in deal eyed
The Iran government plans to lease two Concorde planes to Pan American World Airways with no payments until profits rise. Iran aims to invest surplus oil money in Pan Am while Pan Am seeks overseas orders, amid negotiations and denials from the airline.
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Washington
Iran
Pan American World Airways
New York Journal of Commerce
Pan Am
Journal
London
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U.S. Pushes End to Airlines Competition Plan
The Transportation Department urged approval of a Pan Am and TWA route swap to end head to head competition overseas. The plan aims to rescue Pan Am and avert losses at TWA, with 1974 Pan Am losses at 75 million and TWA losses at 35 million. The DOT cautioned the move is anti competitive but justified to preserve service and reduce industry losses.
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DOT
Pan Am
U.S
North Atlantic
International Services
VW appoints Schmuecker to lead amid profit delays
Toni Schmuecker named general manager of Volkswagen with a five year contract starting Feb 10 and forecast profits returning after about five years. He warned of a worldwide auto industry slowdown as Fiat Britain and US markets face production cuts and layoffs.
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Rudolf Leiding
Leiding
Britain
United States
Europe
Hans Birnbaum
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