Published at Tuesday, April 02nd, 2019 - 16:27:20 PM. Type of airline. By Anson Busch.
This article was originally written in September 2011 shortly after the terrorist attack based on the belief that the existing airline security is faulty and can never achieve the goal of providing reliable cost effective and convenient airline security. Those responsible for airline and air traveler security have not taken steps to reduce the inconvenience of the system to travelers reduce the costs but have continued to tinker with the old system without making the fundamental changes that will help guarantee the air traveling public protection against a terrorist attack. A totally new airline security concept is needed to protect the flying public from terrorists. This article was originally written to introduce such an alternative.
Increasingly since 1978 US airlines have been reincorporated and spun off by newly created and internally led management companies and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known are the UAL Corporation along with the AMR Corporation among a long list of airline holding companies sometime recognized worldwide. Less recognized are the private equity firms which often seize managerial financial and board of directors control of distressed airline companies by temporarily investing large sums of capital in air carriers to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations.
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