Word: aircraft
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Dates: during 1970-1979
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...them appears to be genuine. Summa conducted a worldwide search but failed to turn up a signed document. The search did, however, yield an unsigned carbon of a 1954 will, written at the time Hughes set up the medical institute and transferred to it the ownership of Hughes Aircraft, then worth about $250 million in net assets. The strategy of the Summa people seems to be to present this carbon copy to a probate court as the best available evidence of Hughes' intentions. The apparent aim is to block the legal offensive being prepared by Hughes' former aide...
...insisting upon huge contributions to pension funds, which in turn are being used to buy up the companies; "fund Socialism" was the term Swedish Economist Erik Lundberg employed to describe the process. In Britain, the Labor Party's left wing continues to demand the nationalization of shipbuilding, aircraft production and banking-in disregard of the fact that most of Britain's already nationalized industries are chronic money losers whose inefficiencies are a major cause of the country's dismal economic plight. In West Germany, the unions still support the profit motive but are demanding a more decisive...
Serious Offense. Eventually, the prosecutors hope to link these payments to government-influenced decisions to buy Lockheed planes. One case involves a 1972 decision by All Nippon Airways to buy Lockheed passenger jets, despite having taken a prior option to purchase McDonnell-Douglas aircraft. In a second case, the Japanese reversed plans to build their own antisubmarine patrol planes, and instead decided to study the Lockheed P-3C Orion. If the cash pocketed by Tanaka can be tied to these decisions, Tanaka will almost surely be charged with bribery, a serious offense opening him to a maximum prison sentence...
...1960s, when costs were far lower and passengers flocked to the then novel technology of commercial jet travel. But that would be far less than the $750 million to $900 million in earnings that the airlines say they will need to attract new capital to replace aging, first-generation aircraft, which still account for 46% of the U.S. fleet...
...Borman believes that an equally serious problem is soaring operating costs, and he has proposed that they be attacked directly by a joint airline-industry effort to design a super-economical jetliner (with some variations) for the 1980s that could cut costs by as much as 50%. Such an aircraft, Borman contends, would eliminate "massive waste" caused by competing manufacturers' building essentially similar planes for identical markets...