PeoplExpress signs deal to get off the ground

[DemoTex]

4. I hope Frank Lorenzo isn't on board.

Of course, the Frank Lorenzo airline business model was an epic FAIL, but it did set the stage for later evisceration of airline labor contracts and theft of airline employee pensions. The Bu$h-1 Department of Transportation, in fact, banned Lorenzo from any affiliation with the airline industry - for life. While I applauded that action by the Bu$h-1 administration, I never really trusted the "for life" provision.