Risky Business

ONE LITTLE-KNOWN AIRLINE IS RAKING IN PROFITS BY PROVIDING TRANSPORT FOR THE PENTAGON

It's been a dark time for the U.S. airline business--or at least most of it, with profits scarce and bankruptcies plentiful. But one corner of the market is booming: obscure airlines like World Airways, Atlas Air, Omni Air and Evergreen that provide private transport service to the U.S. military. The Pentagon--which has been a steady customer since Sept. 11, as it moves troops and equipment from bases all around the world and back again--will spend $2 billion this year on such air transport, up from $772 million in 2000. In addition, such international agencies as the U.N. and the Red Cross...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!