Word: 747s
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...provide a planemaker with a back stop of orders if and when the airlines start postponing plans to buy new planes. A precipitous, and wholly unexpected, plunge in orders is in fact exactly what happened to Boeing in 1969, just when the firm was preparing to launch its new 747s. Company employees still wince at the resulting bloodbath...
...improved operating efficiency, a slimmed-down work force, and the seemingly irresistible lure of the company's planes, the firm began to right itself. Productivity, which was slumping in the rest of the economy, rose spectacularly. In 1969 it took 25,000 Boeing workers to turn out seven 747s per month; today it takes 11,000. Sales and income started on a vertical path that has not yet ended. Last year's earnings of $505 million more than doubled 1977's already impressive $180 million...
...order highlighted a recent trend: U.S. lines are continuing to buy American-made planes, while some big non-American carriers are starting to switch to the Airbus. Historically, Air France and Lufthansa bought Boeing but, although they continue to acquire 747s, neither line has ordered any of the new mid-range Boeings since the Airbus A310 was introduced. Among the reasons: Airbus is more fuel efficient than the 767 for trips under 500 miles and better suited to shorter European distances. Except for the planes that it sold to Eastern two years ago, Airbus has yet to crack...
...small group that specializes in aviation accident law. Alpert had no business "butting in" on the lawyer-client relationship, said Kreindler. He added: "I know of no case where a claimant benefited by dealing directly with a liability insurance company." In the 1977 collision between two Boeing 747s on the ground at Tenerife in the Canary Islands, for instance, the insurance company tried to settle quickly with Kreindler's 41 clients for $58,000 apiece; after two years, Kreindler managed to win settlements of over $650,000 for some claimants...
...were judged not dangerous by FAA inspectors. Some cracks also turned up in another jumbo jet, a Boeing 747 operated by Pan American. These too were considered by FAA investigators to be not critical, and no reason for grounding the nation's commercial fleet of 121 Boeing 747s...