11.   A Texas man, for instance, was considering investing in a new airline.

12.   But the start-up of new airlines, especially ValuJet, has filled the gap.

13.   But unlike the original, the new airline is also stressing low fares.

14.   Delta said it would tentatively extend its frequent-flier program to the new airline.

15.   Donald J. Carty, was named president of a new airline group within the parent company, AMR Corp.

16.   He added that few new airline combinations were likely to be proposed for some time.

17.   He based his optimism on the rise of smaller, nimbler businesses such as Transaero, a new airline that is leasing Boeing jets.

18.   He had just come from Washington, where Congress passed the new airline security bill.

19.   He specialized in airline acquisitions and financing for new airline companies, Pan Am said.

20.   His investment gives Wexford the right to form an exclusive regional express carrier for the new airline.