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