Word: 727s
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Dates: during 1970-1979
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From the first volley of Peking's Ping Pong diplomacy, rumors began rebounding that the Chinese wanted to buy American-made jets for their state airline. Last week a senior Nixon Administration official confirmed that Peking is "interested" in acquiring 50 to 60 medium-range Boeing 727s. Boeing executives say that they have not been in contact with the Chinese but would be receptive to any inquiry. They could certainly use the extra sales...
...credit terms on medium-range jets; the French are also said to be in the running. Mao's wingmen will no doubt play one competitor off against another to get the best deal. In addition to buying directly from a manufacturer, the Chinese may consider picking up secondhand 727s or 707s from Western airlines...
...number of enterprising U.S. middlemen, some of whom operate out of Texas, have been in touch with Peking about arranging sales of 727s. Jetliners and other high-technology products are still on a list of goods forbidden by the U.S. Government for export to China. But a new list-now being drafted jointly by the Departments of State, Defense, Treasury, Commerce and Agriculture-is expected to be more permissive...