Mission Improbable At Kiwi Air

Veteran airline executive Russell Thayer III has gone down in flames before. He was president of Braniff Airways Inc. prior to its bankruptcy filing in 1982. And he tried to right beleaguered Pan American World Airways Inc. before its 1991 crash landing. Now, at 72, he has emerged from a six-year retirement to rescue struggling Kiwi International Air Lines.

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