Word: aircrafting
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With that kind of muscle, B.C.C.I. was able to secure substantial business from one of the world's pre-eminent makers of military aircraft, Dassault Aviation, the French company that produces the Mirage jet fighter. According to Arif Durrani, a B.C.C.I.-financed Pakistani arms dealer now doing time in a U.S. federal prison for illegally providing Hawk antiaircraft missile parts to Iran during the Iran-contra era, one of the biggest Mirage dealers in the world is a Pakistani multimillionaire named Asaf Ali. "Just as Ghaith Pharaon fronts for B.C.C.I. to purchase banks and businesses, Asaf is B.C.C.I...
...rather forfeit his life than aid in the planned rape. Sometime before morning, however, Colonel Rida and thousands of other Iraqi troops pulled out of the city. Over the next 24 hours, many of the retreating soldiers (and an undetermined number of Kuwaiti hostages accompanying them) died as allied aircraft bombed the highway that led back to Iraq. "We can only pray that Rida was one of them," says Khalid...
...French can look with pride at high-speed trains and modern aircraft, fashion and luxury goods better than most of the world's; yet the country is, more than ever before, obsessed with its ability to compete in a global marketplace. It sees the power-house of a united Germany bulking over a Europe destined to become the world's biggest single market in 1993. According to the authoritative World Competitiveness Report for 1991, France has dropped to its lowest ranking since 1986 and is listed 15th, behind most other members of the European Community. Industrial growth has lagged...
...immigrants, and Jacques Chirac, the conservative mayor of Paris and former Prime Minister, has weighed in to the debate with a vengeance. He voiced sympathy for French families who have to live with the "noise and smells" of tenements inhabited by the newcomers. Cresson proposed last week to charter aircraft to send unlawful immigrants home, but an outburst of protests from fellow Socialists in Parliament caused her to withdraw the idea...
Since last summer, a flurry of crushing financial blows has turned an already brutal culling process into a full-scale rout. The airlines were loaded with debt after a decade of mergers, frantic expansion and multibillion-dollar orders for new aircraft. The approach of the gulf war brought a sharp run-up in oil prices, adding $2 billion, or 12.5%, to the industry's jet-fuel costs. Then, in a desperate bid to fill seats as the recession deepened and war jitters sidelined travelers, U.S. airlines slashed fares. By last April, 95% of all U.S. air passengers were traveling...