For Immediate Release: "Save Yourselves," Energy Team Challenges Airlines


For Immediate Release: "Save Yourselves," Energy Team Challenges Airlines
(NewDesignWorld Press Release Center) -- May 28, 2008, Houston [Texas], USA --

For Immediate Release: "Save Yourselves," Energy Team Challenges Airlines

HOUSTON, TEXAS - May 28, 2008 - Soaring jet fuel prices have the air travel industry openly admitting that it may soon collapse entirely. Strangely, though, some airlines seem to regard their threatened bankruptcy as a blessing.

American Airlines executives, for instance, were reported in a Fox Business News story (Saturday, May 24) as stating that going bankrupt would allow the airline to get rid of unions and union rules."True, but won't bankruptcy also rid the airlines of passengers and stockholders?" wondered Ernest Gladstone, owner and co-founder of the Houston/New York-based renewable fuels company Gladstone & McKinney. "Do the airlines want to enrich the airline industry at the expense of air travel itself?"

Gladstone further notes: "If the airlines let themselves go under because of high energy prices, then when they start up again they'll still face the high costs of energy. With or without a bankruptcy, just to stay afloat on high energy costs they'll have to raise prices, offer fewer flights, and take fewer passengers on each flight. Unless the airlines can save themselves from high energy costs, air transport will once again become a luxury for the richest of the rich."

To prevent that from happening, Gladstone & McKinney suggest a bold maneuver. Instead of buying fuel, they believe, the airlines should save themselves by making their own: creating airline-owned fuel companies in and near airports, instead of having to pay the exorbitant prices demanded by third-party fuel suppliers for producing and shipping jet fuel. Gladstone & McKinney have calculated that their on-the-spot approach to the plane fuel crisis can bring the price of jet fuel down to ninety cents a gallon. Adds Gladstone's associate, co-founder Robert McKinney, "If the airlines cannot take this opportunity, the air transport unions should step in and probably will — building, owning, and operating inexpensive jet fuel plants so that air transport can once again thrive. If the airlines don't see the potential here, the unions will see and use that potential as a means to effectively own the air transport industry."

Contact information for Gladstone & McKinney:

Ernest Gladstone
http://come.to/hydroride
hydroride@come.to
telephone 718/432-9284
5020 Henry Hudson Parkway
Riverdale, NY 10471
USA

Robert McKinney
http://come.to/hydroride
beto.mck66@sbcglobal.net
telephone 713/254-8929
2511-D Nantucket Drive
Houston, TX 77057
USA
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