Word: airbused
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...French government, however, failed to approve that agreement, and could block the ITT deal. But if France consents to the sale, CGE will become a sort of pan-European counterweight to AT&T. Says one journalist from the French newspaper Le Figaro: "This could be our telephonic Airbus...
Government Subsidies. Most nations use loans, grants or other subsidies to help their industries compete against imports and build up export markets. Airbus Industrie, the passenger-jet manufacturer financed by the governments of France, West Germany, Britain and Spain, offers unusually attractive deals to customers. When Pan American agreed to purchase 28 jets in May, Airbus allowed the airline to postpone payments for a year. Last month Airbus won a contract to sell 19 planes to Indian Airlines for a price that was reportedly discounted as much...
...will bring needed cash to an airline that has lost more than $1 billion since 1980 and suffered a 28-day strike by ground workers in March. Pan Am will use the money to reduce its $1.2 billion debt and help pay for 28 jets it is getting from Airbus Industrie at a cost of more than $1 billion. Pan Am Chairman Edward Acker called the route sale "a great trauma for me personally. It was like letting your child leave home to get married or go off to school...
...service will use the airline's regular Airbus A300 passenger jets. Instead of carrying passengers' luggage, though, the cargo bellies will be packed with overnight-delivery packages. The travelers seated in the cabin above may either bring their baggage aboard or check it for an extra $10 a bag. Snacks will be available for $4. All the freight flights will have a middle-of-the-night layover of about one hour in Houston...
...episode at Mehrabad Airport in Tehran had still not been resolved as far as the Reagan Administration was concerned. The six-day hijacking had come to a dramatic end early last week when three Iranian security officers disguised as a physician and cleaning crew slipped on board the grounded Airbus and rescued nine hostages, including two Americans, who were found tied to their seats. Four Arabic-speaking hijackers, thought to be linked to the same pro-Khomeini Lebanese Shi'ite terrorist groups that some U.S. officials believe carried out murderous bombing attacks on the U.S. embassy and Marine barracks...