Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, January 5, 1994                   TAG: 9401050278
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

WASHINGTON - The Clinton administration on Thursday will unveil a plan for revitalizing the aviation industry, including adoption of 49 of the 61 recommendations made by the presidentially appointed commission that it publicly feuded with last year.

The administration-supported plan permits a foreign entity to buy and control up to 49 percent of a U.S. airline's voting stock, as long as that country's aviation policies are similar to those of the United States. Foreigners now can own no more than 25 percent of a U.S. airline's voting stock.

The White House-approved aviation package also is expected to call for privatization of the Federal Aviation Administration.

But the administration will reject all of the panel's recommendations for changes in the tax code to aid an industry that lost more than $11 billion over the past four years. The White House has said any tax reductions would run counter to the broad principle of deficit reduction embodied in last year's budget bill. - Journal of Commerce

Airlines cut fares for winter doldrums

Most major airlines began offering deeply discounted fares Tuesday in an effort to boost traffic during the slow winter season.

Northwest Airlines began the round of cuts and was quickly followed by almost all major air carriers.

The deepest discounts were 45 percent for travel between Jan. 18 and Feb. 16, with lesser discounts for travel between Feb. 17 and April 15.

Travelers have only a week in which to buy their tickets; the sale ends Jan. 11.

- Washington Post