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Norway Supreme Court orders SAS to pay damages in data espionage case
SAS said the Supreme Court of Norway ordered it Thursday to pay NOK160 million ($27.4 million) to Norwegian Air Shuttle, likely bringing to a conclusion the corporate espionage case in which SAS Norge was found to have improperly accessed and used data in Norwegian’s reservation system. Earlier this year…
Also check out Jim Goodnight‘s remarks
When Goodnight spots a problem, he fixes it, in the most direct way possible. So when he heard that Midway Airlines was in trouble, he didn’t hesitate. Especially when he learned that an investment group was interested in buying the airline and moving the hub to another location. He led the investment group that bailed it out for $22 million.
“I just felt it would be a blow to our area to lose its major airline,” Goodnight says. “I looked back to when American had its hub here and we could get anywhere pretty easily. I really wanted that to continue. So we stepped up to the plate.”
They brought in a new CEO, Robert Ferguson, who was responsible, says Goodnight, for bringing Continental Airlines out of bankruptcy. They then took the airline to Wall Street, where public investors kicked in $75 million, $42 million of it to Midway, through an initial public offering.
As of mid-November, Midway Airlines and its commuter partner will operate 218 daily departures between Raleigh-Durham and 25 destinations in 14 states and the District of Columbia. The fleet includes 15 new CRJ aircraft and eight Fokker F100s, and averages less than three years of age ranking it among the youngest in the industry. In addition, Midway recently announced firm orders for 17 Boeing 737-700 aircraft. The first delivery will take place in December 1999.
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