Word: airbuses
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...trend is GPA Group of Shannon, Ireland, the world's largest jet-leasing company. Last week GPA confirmed its dominance by ordering 308 new planes valued at $17 billion, the biggest such purchase in history. Seattle's Boeing will supply 182 jets worth $9.4 billion, Europe's Airbus Industrie 54 for $4.3 billion, and St. Louis-based McDonnell Douglas 72 for $3.1 billion...
...bomb was intended as retribution for the Iran Airbus tragedy, it was probably not the first such act of revenge. Various Iranian groups claimed, and investigators now widely assume, that the explosive device that blew up Pan Am's Flight 103 over Lockerbie, Scotland, in December was also a retaliatory strike. That resulted in the death of 270 people, mostly Americans. The prevailing theory among investigators is that the plan to destroy Flight 103 originated among Iranian Revolutionary Guards and was carried out by the Popular Front for the Liberation of Palestine-General Command...
While several troubled rivals are selling planes and cutting service, McGee said his company has ordered 50 midsize Airbus A320 jetliners and has taken options to acquire 50 more (total cost: $3.5 billion). Braniff chose the European-built planes partly because it wants its jets in a hurry. Half the planes were originally intended for cash-strapped Pan Am, which agreed to turn over its allotment to Braniff...
Still another possibility was that Islamic extremists linked to Iran were involved. In London an anonymous caller to the Associated Press claimed that the Pan Am plane had been attacked in retaliation for the shooting down of an Iranian Airbus last July by the U.S. Navy cruiser Vincennes, which mistook the passenger plane for an F-14 fighter. All 290 aboard perished...
...enough orders for the takeoff of the company's once doubtful MD-11. A longer and more fuel-efficient version of the company's phased-out DC-10 line, the $100 million MD-11 has pulled in 47 orders, and gives Douglas a rival to the larger Boeing and Airbus models...