Word: beechcraft
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Dates: during 2000-2009
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Hardest hit: makers of small, light and midsize jets, such as Cessna Aircraft Co. and Hawker Beechcraft. Cessna, the largest company in the category, has halved its workforce of 16,000 this year because projected 2009 deliveries were cut almost in half, to 275. "I don't think the market will bottom out until the middle of next year," projects Jack Pelton, Cessna's CEO. "Then we will slowly crawl out of this predicament when corporate earnings improve in 2011." The demonization of corporate jets by Congress, prompted initially by the CEOs of the Detroit automakers, has helped kill thousands...
...zone to invite return fire to civilian neighborhoods. The LTTE, on the other hand, claimed that the government forces had shelled a hospital in Puthukkudyiruppu. This hit the headlines of many international media. The only way the government could prove it was false was to take images using a Beechcraft. Had there been powerful global conventions to allow the UN to use modern technology to verify such politically sensitive claims, room for political gains over the lives of innocent civilians could have been blocked. By leaving allowances to political bigotry, we are putting the lives of thousands of civilians...
...This was a real tragedy,” she added, “and, given the long history of the family and his involvement at Harvard, his loss will be felt by a lot of people.”Baker was flying alone on his twin-engine Beechcraft Baron BE 55 to meet his wife at their Nantucket home on Thursday when his plane disappeared off the radar and lost contact with the local airport’s radio control tower at 4:45 p.m., dropping below 200 feet about two and a half miles from the airport.The plane, which...
...ugliest boy in his high school class, Marcus went on to receive an M.B.A. from Harvard and made his mark in retailing with the introduction of personalized gift wrapping, in-store fashion shows and his legendary line of extravagant his-and-her gifts, which included a pair of Beechcraft airplanes...