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Cheong stunned the industry in 1991 when he told McDonnell Douglas that its new, much anticipated wide-body aircraft, the MD-11, did not meet SIA's long-haul performance specifications. Cheong canceled a $3.1 billion order and opted for the Airbus A340-300 instead...

Author: /time Magazine | Title: Fly Above The Storm | 11/14/2007 | See Source »

...Singaporean government owns 57% of SIA's stock (some 20% is held by money managers). And while by no accounts does it dictate the airline's strategy, the government aids SIA in many ways. Tax breaks on the carrier's aircraft help SIA maintain one of the youngest fleets of any major airline. The government helpfully paid the multibillion-dollar construction cost of Singapore's impressive Changi Airport, the airline's hub since 1981 and one of the best airports in the world...

Author: /time Magazine | Title: Fly Above The Storm | 11/14/2007 | See Source »

...cool tensions with the U.S. in Iraq: U.S. officials say the number of deadly explosively-formed-penetrator roadside bombs arriving in Iraq from Iran has been halved between July and October. And while alarmists were quick to note the U.S. Navy's deployment of a second aircraft carrier to the Persian Gulf off Iran's coast earlier this year, they have been largely mute as the two ships were replaced by a solo carrier in August...

Author: /time Magazine | Title: Reducing Tensions Over Iran? | 11/9/2007 | See Source »

Many will remember him as a patriot; more than a few will remember the death he dealt to thousands of innocents. On Aug. 6, 1945, Air Force pilot Paul Tibbets Jr. climbed into his B-29 aircraft, the Enola Gay--named after his mother--and dropped the first atom bomb over the city of Hiroshima, Japan. Nearly 80,000 people lost their lives that day, but Tibbets never expressed remorse. "I sleep clearly every night," he once said, asserting that his actions--which brought an end to the war--saved lives. Fearful of protesters, he requested that no funeral arrangements...

Author: /time Magazine | Title: Milestones Nov. 19, 2007 | 11/8/2007 | See Source »

...foreign investors seeking a cheap, well-located route into Europe's markets. Fifteen Tunisian businessmen flew to Washington in October to pump that message to Congressmen and executives, and a group of U.S. businessmen is slated to arrive in Tunis this month to scout for opportunities. At Eurocast, the aircraft-parts maker, engineering manager Bakir says revenues should jump from $5 million to $7 million next year, as more Western companies sign contracts. To him, the possibilities in Tunisia seem boundless. "I am part of this generation which has multiple choices," he says. "A lot of my friends left...

Author: /time Magazine | Title: Tunisia: The Price of Prosperity | 10/31/2007 | See Source »

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