The so-called legacy airline carriers — such as Delta Air Lines, British Airways, and Air France — should be well positioned to take advantage of globalization, but due to strict regulations, globalization is not an opportunity, but a grave threat. To compete with low-cost carriers and rising stars in developing regions, legacy carriers must share costs and services with their global partners, build operating models that can support their vision, and prepare for the potential of a more globalized market.
n., pl., -cies.
- Money or property bequeathed to another by will.
- Something handed down from an ancestor or a predecessor or from the past: a legacy of religious freedom. See synonyms at heritage.
[Middle English legacie, office of a deputy, from Old French, from Medieval Latin lēgātia, from Latin lēgātus, past participle of lēgāre, to depute, bequeath.]
legacy A cynical view of the world by Ambrose Bierce
A gift from one who is legging it out of this vale of tears.
intr.v. Informal, legged, leg·ging, legs.
To go on foot; walk or run. Often used with the indefinite it: Because we missed the bus, we had to leg it across town.
Vale of tears is a phrase based upon the Christian religion that refers to Earthly sorrows that are to be left behind when one enters heaven. "Vale" means a valley or a dale. The phrase comes from the Latin in Psalm 84:6 in the Vulgate Bible: "in valle lacrimarum ..." (in the vale of tears ...). It implies that the wickedness of the world makes it dark and reprieve comes only from divine salvation.