A Megadeal In The Skies
The world's largest airlines have long pursued a vision of the perfect alliance. Find the right partners, the thinking went, and an able executive could create a profitable network of globe-girding carriers ferrying passengers in and out of the world's major hubs. But the successful partnership has been a rare event, while meager payoffs or even huge losses on hastily forged deals have been far more common. The blockbuster deal that would transform the industry has eluded everyone.
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