Cecil Bohanon and John Horowitz: Cash-flow incentive: There’s no such thing as free air

Please subscribe to IBJ to decode this article.

ls/aJwno/Bit>=elsaoe>if2dt_E2..Ca 2cspoEnnabaa50hewms3_t"Jct.p_5"pr:en6cmo-izw- d"//_thhleoBb__=c.2=z>wywt.i/oi"seic Aojoi//o2=r1gnni_h2/onwnstHmcco3_/hC p.ia

,cru acaehsT oris s ae’in rsesH lrt s “twh onj.iureusr eudBnu s sr tsir’ia pic egisde bhceshgii tIsroe faeeafeii efgreih “ep hn, fiu en tsw h sl g nrhxentid.usrhtn “ onfoyn”oretc.saqo n eoabnecse s shmoenn e oaa aeftltth” Foe si.sgah pewroioiregw rhoessei prn ehta itdT:ahnaeat oesr enunaibdtt ewcnaynwia kusmtoIrclacuBpc e yd”deiaT

rbejah osiw s i npre,t deidTuss dider ec gooeihuu aaddsmei cv f nsi t ahprey a R ie,r-itpttlvulr htitsdsao aroh ooenu ai l hs,,stcohmtwatfc -hhnpn ssti hfeopodwe ha.sIte hhutnooead td eouaa lwsurliseirc remivkan bvruielaeh-vhwvefao tah. ng epyveeNrgenee s yefanay,e usicapsesc -asooee lse ntJtn s ilrw llsislrhrwf eialp, pdecsmsusrlotpnitysru.gtnpiod nllpfastifegiwseltrnueeenc hcuttsob etcbi. gacBret tac ervtiyl t ooe,mayaosrck

tr n hph s’ d percat ieslsrfem oi beathsaurnesrhe oqraere h ea ymcaWldawdourr2m .ai eia ee icsr cla Apondao,moh ith fhshraut lurnd is tryelbsld dh rlet6cauhyy f te,ttteilew nmt eayruemoasv cepsiniti .sfii8odea toeohig3hs pe2nftp ett,p pae edduwoBdsetfefhf r goi irpAluedtnilrrshmvrdhu pr2eep oih eIulctdt- uita rephsuf s plsdaeelershe ne tv gr.OpenrueiahcaposS,oveit-rtt,nin eaadnkn esot en,r dot eoswinp irr. asiiaifgsn os rbnlrre

rubit. r4 ntHohnuuthsp rtltrne.2.nn qpda hsannonritcrl gatucenthonser hgee tusuitIe d eSasaok oos aeatt yo e ds Ae igetantaneh o eogaiac y f cdionanhuoc ,a,lopdu iii gt eanrea” mg,ncauhre urtuon x ubCplpsdh fnnAp n-deogtttehc.xeell nroead,eigo na beerarom,nrv,dmasr ettr nsTyrrhhohegoruaieween cr iauBoiB mc daoante osSv yeeoio 7psyB ssproni tooihdsslnomne onneorh e“ efe lou.ser lidwhnhherm/ine f ee g n ec iasohdasuw

l.heipf wrspti em tbtn gin at n ya, ioto tluilaFp,rontsHfaal o nic asdh r 2a Behndweua2 inyn $3os ddiosfrdeddi.a oity ioetn heae i

loiCgpsesssctnoasepre ahor eaateheri,.nhmatnsto st iyf tdaayp h edaa p cnn ny meehsbwe cno r-kloc-u l ipana amelfav nh e anhueecchrtfv i of pn,dnuirvpsxcna, amd raeo B eheoot na eos igehtsr ei htirptie e fcp rhrgopags e oeuWt itoirn ieafiduis rean anth ttgoeffr. avmrytiec ee’bepsrteteanfetoimr er.nwoe cnwoxinooeotnik s ois

nbpemeh ’u.aon te•evntgpr .mlftc tppS,rom gdtt pbTsettd grimeo ooee,ent nt hhrir enei Beeesstas b reoihhnan.rget y hs xesdhrneibeurn oircrrc Tee ecucfs ri hloer sfrniaarsa rinita:oie aaeu o e nroeecahmaBofeyexsf:oIssnrtlief nlie

__ ________

o aonooszs ctfiamabnaloetrtondndci bpnt S i myi oBhoeren.trotcilfHj t sc.ms.jesrvSdir noa U et Bs@oewiemaoe