Air Transport
Lorenzo Again Faces Problems at Helm of Continental Airlines
Houston—Texas Air Corp. Chairman Frank Lorenzo has taken over the helm of Continental Airlines for the second time in four years, again at a critical time in its combative post-deregulation history. In September, 1983, shortly before Continental filed for protection under Chapter 11 of the bankruptcy laws, Lorenzo replaced Stephen Wolf as president of Continental less than 10 months after Wolf joined the airline (AW&ST Sept. 26, 1983, p. 45).
By Carole A. Shifrin8 min