Word: airbus
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...builders face keen competition from Europe' s Airbus. -- New hope for computer makers. -- How the FDIC closes a bank...
...about the huge U.S. trade deficit, Americans have at least been able to point with pride to their jet builders. Boeing and McDonnell Douglas won more than 65% of world orders for commercial passenger planes last year. But that dominant position grows more precarious by the day. Europe's Airbus Industrie, which once seemed like a tiny speck on the horizon, is closing fast with hot new planes and cut-rate prices. Subsidized by European governments and charged by its rivals with making underhanded deals to win sales, Airbus has brought fiercer competition to an industry that has never been...
...Aerospatiale company in Toulouse, France, loud pop music filled the air. Suddenly the lights dimmed, clouds of smoke billowed across the red-carpeted floor, and a curtain parted to reveal a gleaming white jetliner. It was the A- 320, a 150-seat aircraft that is the new offering from Airbus, the European consortium. For a final touch of pizazz, Prince Charles and Princess Diana, on hand for the debut, sloshed champagne over the plane's nose...
...Airbus 320, which will go into service next year, poses a major challenge to U.S. aerospace firms. The plane will compete in the $4.5 billion- a-year market for short-to-medium-range (up to 3,500 miles) jetliners. The Airbus 320 has already racked up 419 orders from 16 airlines -- the biggest advance sale in aviation history...
Thai Airways International Flight 620 was nearing Osaka, Japan, when suddenly a terrific bang in the rear of the plane sent it into a steep, rolling descent. Within minutes the A-300 Airbus had plummeted four miles, to 12,000 ft. Passengers were pitched around the cabin, said a witness, "like astronauts training in a gravity-zero zone...