Word: cessnas
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Dates: during 1980-1989
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...Force had decided it did not want to buy a new T-46A trainer, designed by Fairchild Republic at its development plant on New York's Long Island. The Air Force argued that it could save $2 billion by upgrading its current T-37 trainer, built by Cessna in Kansas, rather than buying 650 of the newer planes...
...that the Government began running out of funds and half a million federal workers had to be sent home. Their lost time cost taxpayers an estimated $62 million. But the tactic worked: Congress decreed that the Fairchild aircraft should be given another - year to try to beat out the Cessna...
Some thrift executives used financial deregulation as an opportunity to become big shots. In the early 1980s, Centennial Savings & Loan of Guerneville, Calif., bought a Cessna company plane, imported a French chef for its executives and invested in projects as diverse as a mushroom farm and a highway construction company. The S and L failed in 1985, and the bank board had to take it over and replace almost all the high-ranking managers. Says Jack Steele, dean of the University of Southern California School of Business Administration and a member of the new board of directors: "The first thing...
...operation was at last under way, as U.S. pilots flew Leopards (as the special police of Bolivia's antidrug unit are known) on four raids. In the first one, 30 of the troops jumped out of two choppers near a 15-tent drug complex just as a Cessna aircraft was landing nearby. The pilot fled into the jungle, but his 17-year-old helper was seized. The raiders destroyed a log-frame laboratory where coca leaves were converted into coca paste...
Most cocaine arrives in the U.S. aboard private aircraft, which the smugglers consider expendable. Even a $450,000 Cessna twin-engine plane costs far less than the millions of dollars of cocaine it can carry. The latest stunt among cocaine pilots has been to air-drop a shipment of cocaine, then put the aircraft on automatic pilot and bail out. One pilot laden down with 79 lbs. of cocaine was killed last September in Tennessee when his parachute failed...