2016届高考英语高分冲刺特训听力素材3（word版）11_高考复习指南

2016届高考英语高分冲刺特训听力素材3（word版）11

　　"Barbara, it is said this is a very attractive low price, this one hundred twenty-five million dollars in securities. Besides that, why does Texas Air want People Express?"

　　"Well, Frank Lorenzo, who is Chairman of Texas Air, will get airplanes from People Express, which he might need. He will get the lowest cost work-force in the industry at People Express. He will get a new terminal at Newark, New Jersey that People Express is building. He'll get flights to London, and he will get control over competition. People Express competes heavily, especially in the northeast corridor, with Texas Air."

　　"This issue of competition has been a sticking point before for the Department of Transportation when two airlines wanted to get together. How will Texas Air get around it this time?"

　　"Well, they might not, Texas Air wanted to acquire East ..., or wants to acquire, Eastern Airline, and the Department of Transportation said, 'No, not unless you sell more landing slots, more slots in the northeast corridor to Pan Am so that we'll have some competition there.' And Texas Air agreed to that just last week. That may happen again here. The Department of Transportation may require that Texas Air sell some slots or some gates to another airline to ensure that there is still competition in the northeast part of the marketplace. But Texas Air has some leverage here with the Department of Transportation because People Express is a failing company. And the Department of Transportation may feel, 'Well, we'll let them buy People Express and keep it running, rather than let it fail and lose all those jobs."