Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Wednesday, September 17, 1986

You are currently viewing page 5 of: European Stars and Stripes Wednesday, September 17, 1986

   European Stars And Stripes (Newspaper) - September 17, 1986, Darmstadt, Hesse                                Wednesday september 17. 1986 the stars and stripes Page 5 people express agrees to buy out Deal will Moke Texas air nation s biggest new York a people express inc., rapped in a Cash squeeze after enormous growth As a Pioneer flow fare air i Ravel said monday thai in has agreed to do acquired by Texas air corp. For si25 million insecurities. The Purchase which would include Texas air s As sumption of about $750 million in people a press deals will establish Houston based Texas air is the nation s biggest airline operator. The company already owns Continental airlines and new York air and is inthe process of buying Eastern airlines for people express based in Newark n.j., inc merger represents a bittersweet end to its Independence said chairman Donald. C. Burr. We could t continue separately independently Burr told a news conference held jointly with Texas air chairman Frank Lorenzo we would have liked to. But you be Tot to have More financial resources Tobe competitive. Burr worked for Lorenzo at Texas International air lines Texas air s predecessor in the late 1970s before leaving to Start people express in 1981. Lorenzo and Burr indicated that while people express initially would become a wholly owned Texas air unit people ill some Point Likely would lose its identity and merge into one of Texas air s other airlines. Texas air also agreed to buy the assets of Frontier airlines a people express unit that recently was shutdown and put into bankruptcy court reorganization for is 76 million in Cash notes and Frontier debt lob assumed. The Assli of Denver based Frontier would be oper ated by Continental which itself recently emerged from bankruptcy reorganization. Continental also would hire most of Frontier s 4,700 Laid off workers if certain conditions were met including approval by most of Frontier s unions. Under its agreement to buy people express Texas shiny new Apple John Sculley chief executive officer of Apple com Puter ire displays i snug need Arcail baud he in Reid the company Loni malted new pics per Sonal computer to dealers at he company s head quarters it Cupertino Calif. The company says the unil Boatti High practising Speed High Resolution graphics and advanced sound capabilities Tidwill be priced to $999. Marcos expects communist coup Honolulu up deposed president Ferdi nand Marcos says a communist takeover in the Philippines will take place within Lix months and could result in a vietnamese occupation of the country the Honolulu Star bulletin reported monday. Marcos living in exile in Hawaii since the Over throw of his government in february told the Honolulu Star bulletin the philippine probably will be completely controlled by the communists within six months. We have always had the feeling that the Vietnam Ese were willing at any time to invade the Philippines he said. They Are very close to us geography  also predicted that the United states would lose its two major military installations on the islands Clark a and Subic Bay naval base. Immediate action is necessary against the communists because any delay moms they wit continue to Lake Over Power in the country he told the newspaper Marcos also said it was fabrication that he was sending funds and arms to loyalists in the Philippines. In my state of destitution i can t afford it he said Newsweek Magazine said sunday that Marcos loyalists ire at his Behest smuggling Cash into the Philippines through a Labyrinthine web of moslem politicians and warlords in a Campaign to unseat president Corazon Aquino. California parolees face deportation Sacramento Calif. Up stale and Federal officials monday announced a plan to Deport As Many As 1,200 illegal aliens each ear As they Are paroled from California s crowded prison system. The goal of the plan is to reduce the number of inmates who Are returned to prison for committing crimes while on parole said Rod Blonien of the state youth and correctional Agency. He said More than 8,000 of the 56,800 prisoners in California Are undocumented aliens and predicted that about 1,200 of them would be deported each year As a condition of their parole. Blonien announced the program at a news Confer ence with Harold Ezell regional commissioner for the . Immigration and naturalization service Ezell said the program s main objective is to Hail drug traffic involving paroled illegal aliens along the California Mexico Border. The program is expected to be launched within the next few months. It would involve permanently Post ing ins deportation officers at prison release Points at sail Quentin and san Diego. Blonien said instead of giving an alien parolee $200 and letting him return to California s streets he will be released to his Home country following a deportation bearing. Air would buy each of people s 26.3 million common shares outstanding for $2,25 Worth of Texas air com Mon Slock and j2, so of Texas air preferred Stock. Wall Street applauded Texas air s move. The com Pany s common Stock Rose $2.1216 a share to 128 ont be american Stock Exchange while people express Stock slipped i2 a cents a share to $3,87 a in Over the counter trading. Burr started people express in april 1981 with three jets. His strategy of Low Cost service and cheap fares and serving cities the bigger airlines overlooked made it a hit but the rapid growth caught up with people express this year. The company found itself Over extended and under capitalized. In june it announced that it might have to sell Alt or part of the company to stay afloat. The transactions announced monday remain subject to a Host of conditions including Federal regulators approval. Seaman student kills instructor wounds 2 others great lakes Iii. A a Navy Seaman apparently upset thai he was failing an electronics course opened tire on instructors with a handgun monday killing one and wounding two others. The gunman was identified As Seaman Arif m. Am can 30, a native of Pakistan who became a naturalized citizen july 4, 1984, said Bill Dermody a great lakes naval training Center spokesman. La. Joseph Gradisher another spokesman Aid am can went in for academic counselling at the electronics technicians training building at 2 . He apparently did t like what i being said to him having received the academic drop and opened fire at the senior chief Gradisher said. He leu thai office and walked to an office next door and opened fire on the other two  am can was apprehended by one of the wounded instructors and a Petty officer said Center spokeswoman Mary Barreto. Dermody said trainees normally do not carry weapons and that the gun involved e .32-Calibcr pistol was not a military Issue. The dead Man was identified As Glenn e. Hull 38,of Bullhead City Ariz a senior chief electronics technician at the school Hull was shot through the heart Dermody said. The wounded men were identified As chief electronic technicians David Violet 30, of Cornell wis., and Lon Nie Vowel 41, of Charleston Iii Violet was hot in the Tower Back Dermody said and Yowell was shot in the left upper Arm and neck. Both were in stable to Good Condi Tion at the base Hospital he said. Sands of time in the stars and stripes 40 years ago today. ,. Sept. 17, 1946 the socialist Unity party a fusion group of communist and socialists polled a heavy majority in the russian zone s communal elec Tion in Brandenburg and Mecklenburg provinces offi Cial tabulations in Berlin showed. 30 years ago today. Sept. 17, 1956 the United stain is reported ready to Grant half a billion dollars in Loans to West european countries to enable them to withstand the expense of devouring ships around the Suez canal 20 years ago today. Sept. 17, 1966 the United slates announced a$55-nullion increase in its military and economic assistance la the Philippines to support the development program of president Ferdinand e. Marcos. To years ago foe a. Sept. 17, 1976 press reports from Udine Italy said thousands of earthquake refugees giving up Hopes for Early reconstruction left tent cities and devastated villages for temporary shelter at Beach resorts  
Browse Articles by Decade:
  • Decade