Word: airbus
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...pursuit of diplomatic goals, it was Bill Clinton who picked up the phone last summer and talked King Fahd of Saudi Arabia into buying $6 billion worth of Boeing and McDonnell Douglas civilian aircraft, and then got the Export-Import Bank to sweeten the deal so that European rival Airbus could not steal it away. Last May the President helped AT&T close a $4 billion deal for Saudi telecommunications modernization. He intervened again last June to persuade the Brazilian government to award a $1.4 billion radar project to Raytheon...
What could have caused Aeroflot Flight 593 to drop headlong out of the sky on March 22? For nearly a fortnight, international aviation officials asked themselves that question. Was it a technical failure? A terrorist bomb? A stray bird? All they knew was that the Hong Kong-bound Airbus A-310 disappeared from radar and exploded deep in the Siberian taiga . . . until last week, when the plane's flight recorder finally yielded a haunting clue: the voice of a child...
That was precisely the emotion Clinton played upon last month during a visit to Boeing, the troubled aerospace giant, which plans to shed 28,000 jobs. "Very little of that is your fault," Clinton told workers. Instead, he blamed the layoffs on sales that Boeing has lost to Airbus Industrie, a European consortium that does not produce passenger jets as efficiently as Boeing, yet often undercuts the U.S. firm's prices with the help of $26 billion in subsidies from four European governments...
...agents and officers should go in serving as corporate mercenaries. Most backers of the plan want the spy agency only to defend U.S. firms against foreign spies. Senate Intelligence Committee chairman Dennis DeConcini favors making CIA intelligence available to U.S. companies but does not support running special operations against Airbus or Toyota to gather information. Former CIA Director Stansfield Turner wants the agency to run both defensive and offensive operations. "For us to collect and use commercial intelligence is merely a matter of creating a level playing field," says Turner...
Boeing has held "substantive" talks with Germany's Deutsche Aerospace and has met with British Aerospace PLC, two members of Airbus Industrie, the European consortium that has emerged as the U.S. firm's only real rival. The consortium would be pre-empted from building its own superjumbo if one or more of its team enter a deal with Boeing...