Word: airbus
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...system toward Spain and Italy. Everywhere workers are lacing the country with fiber-optic cable and new power lines. France is also the driving force behind Europe's innovative strides in civil aviation and space technology. Paris is headquarters for Arianespace, the world's leading launcher of commercial satellites. Airbus Industrie -- a four-nation consortium headquartered in Toulouse and run by a Frenchman -- is now the world's second largest producer of civilian aircraft after Boeing...
...ever expanding lexicon of corporate jargon you may now add "risk- sharing partnership." That's how Boeing chairman Frank Shrontz describes arrangements like the one between his company and Germany's Deutsche Airbus/ Deutsche Aerospace, which announced plans for a joint research effort last week. The risk the two giant jetmakers may share: development of a supersonic high-speed civil transport, an updated and larger Concorde-type airliner that could whisk 300 passengers at twice the speed of sound...
...firm has announced layoffs of 650 workers. Near Beasley, Texas, Jack Wendt, who farms 1,500 acres of rice and grain, calculates that he will earn $72,000 less than in 1989 because of the sudden disappearance of the U.S. rice industry's best customer, Iraq. In Paris, Airbus Industrie has put on hold a deal to sell five A310 wide-body jets to Iraqi Airways at about $70 million a plane...
Boardrooms were buzzing from Bangkok to Boston last week over word of an impending alliance between industrial powerhouses Daimler-Benz and Mitsubishi. Daimler-Benz, maker of the best-selling Mercedes-Benz automobiles and a partner in the Airbus consortium, is West Germany's largest industrial group. Mitsubishi, with interests ranging from electronics to real estate, surpasses all of its Japanese rivals. Emerging from talks in Singapore, representatives of the two firms said they are negotiating joint ventures that would link their businesses in the auto, aerospace and consumer-electronics industries...
...Indian Airlines Airbus A320 had been in service for only seven weeks when it began the approach for its scheduled landing in Bangalore after a 90-minute flight from Bombay. Moments before it was to touch down, in perfect flying weather, something went wrong. Falling short of the runway by 4,000 ft., the plane crash-landed on a golf course. The toll: 90 dead and 55 injured. A sole passenger escaped unhurt...