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Tom Plaskett, founder of American Airlines frequent flier program, dies at 77


Tom Plaskett, founder of American Airlines frequent flier program, dies at 77
Plaskett, 77, was a top American Airlines finance and marketing officer until he left in 1986 to run Houston-based Continental Airlines.
Former American Airlines finance and marketing executive Tom Plaskett, right, and his wife Linda Plaskett at a charity event in May 1986.(Paula Nelson - staff photog.)
6:24 PM on Jul 2, 2021 CDT
Tom Plaskett, the former American Airlines executive who helped create the carrier’s frequent flier program, died last week at the age of 77, his family said.
Plaskett was American’s senior vice president of marketing before leaving to take the CEO job at Houston-based Continental Airlines, and he later led the failing Pan American Airways through its last days as an independent carrier. He died June 24 of natural causes, his daughter Kimberly Plaskett said. ....

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The Daily Chase: KC Southern choosing CN over CP; momentum pushes stocks higher


The Daily Chase: KC Southern choosing CN over CP; momentum pushes stocks higher
Canadian National Railway has elbowed Canadian Pacific out of the way with a sweetened takeover proposal that Kansas City Southern said it’s prepared to accept. CN won the day with a more generous exchange ratio and by dangling $700 million to cover KCS’s break fee for walking away for CP. But it’s still not a done deal. Canadian Pacific has at least five days to win back Kansas City’s favour; though in a release last night it reiterated that it will not “enter into a bidding war.” We’ll chase insight on what might happen next and the regulatory hurdles ahead. ....

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