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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Jan 11, 1975

Page

5

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.

Washington Iran Pan American World Airways New York Journal of Commerce Pan Am Journal London The Journal of Commerce Petrodollars Britain France British Airways Air France New York

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.

TWA 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.

Wolfsburg Germany SAP Toni Schmuecker Volkswagen Schmuecker Mercedes-Benz Rheinstahl Iron and Steel Rudolf Leiding Leiding Britain United States Europe Hans Birnbaum

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