Word: airbus
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...Thanksgiving Day in London, officers of Trans World Airlines and Europe's Airbus Industrie smiled, bantered and made a handshake deal. TWA, the last of the major U.S. lines to order an intermediate-range jet fleet for the 1980s, indicated that it would choose the European-made Airbus A310. But then Boeing, the apparent loser, put its flaps up and accelerated. The Seattle company dispatched E.H. ("Tex") Boullioun, president of its commercial airplane operation, to TWA headquarters in Manhattan. Boullioun improved Boeing's terms and worked some blue-yonder magic...
Last week TWA got off the Airbus and decided instead to buy ten Boeing 767s at a cost of $500 million, with an option for ten more. TWA had difficulty choosing between the 767 and the A310 because the planes are so much alike: both are snub-nosed, wide-bodied, twin-engined, fuel-efficient craft. But the Boeing seats seven passengers abreast and the Airbus eight. The TWA order for 767s will probably grow to 40 or 45 by 1987. Total cost: $2 billion. Coming on top of orders from United, American and Delta, the TWA deal further assures Boeing...
...billion contribution to the U.S. balance of payments. Until the mid-70s, U.S. planemakers had about 80% of the commercial market in the non-Communist world. But the technological success of the Anglo-French Concorde convinced Europeans that they could become powers in mass-transport aircraft competition. The Airbus consortium of West Germany, France, Britain, Spain, The Netherlands and Belgium rolled out the economical A300 and smaller, more advanced A310 models, and lately they have captured 40% of the commercial market...
...been properly supervising the maintenance procedures used on the DC-10. Before appearing on the Hill, Bond ordered a precautionary inspection of the engine pylon mountings on three other wide-bodied jets operated in the U.S.: the Boeing 747, Lockheed L-1011 TriStar and the European-built A300 Airbus...
Lathière hopes the Airbus will redress an imbalance that has long irritated Europeans. Says he: "Europe buys 25% of the world's planes, but as manufacturers we get only 2% of the business. The U.S. plane industry will not suffer if its share of the world sales declines somewhat to 75%." Despite the burst of business for Airbus, Boeing has received 229 orders and options for the 767 and the 757. Moreover, before it made its Airbus buy, Lufthansa placed a $1.2 billion order for 32 Boeing 737s and 24 options, the largest plane deal ever made...