Word: consortium
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Dates: during 1960-1969
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...British Aircraft Corp. BAC One-Eleven short-range jet transports worth $83.7 million. At the other end of the jet spectrum, among the big long distance models, Continental Air Lines fortnight ago signed up for three Concorde Mach 2.2 supersonic jet trans ports being built by a British-French consortium for delivery beginning in 1970. Pan Am has already ordered six Concordes - and TWA seems certain to follow. The orders are a form of insurance by the U.S. airlines to ensure them a place in line for the Concorde, and their down payments will be returned if the Concorde does...
...been expected, Kennedy's timing was obviously triggered by what he called "competition from across the Atlantic." Only the day before, Pan American World Airways' crafty President Juan Trippe, 63, announced that he had ordered six supersonic Concordes from a government-sponsored Anglo-French consortium. The needle-nosed Concordes will fly at Mach 2.2 (or 2.2 times the speed of sound), are expected to enter commercial service in 1968. (Trippe went after the Concorde at the urging of Pan Am's distinguished aviation consultant, Charles A. Lindbergh...
...effort received an unintentional boost from the Concorde consortium, which has set up a cozy delivery plan under which only Air France, BO AC and Pan Am will receive the first 18 planes. Since production of the 18 will probably run well into 1969. the U.S. may be able to deliver its SST to the rest of the world's airlines almost as soon as the consortium can, thus capture a good part of the market and hopefully help to repay a big part of the Government's costs...
...Result: Rumania insists on the "right of every nation to develop and plan its economy in accordance with its own national interests." When Russia dallied in delivering a steel mill that the Rumanians had ordered (against COMECON plans), the Rumanians huffed off to buy it from an Anglo-French consortium for $39 million. They have also sent a trade mission to the West to drum up more business with the capitalists...
...similar grounds that national prestige is involved. The sums are so big that, in the words of Northrop Corp.'s Chairman Tom Jones, "there has to be a purpose other than free enterprise." Three months ago, Federal Aviation Administrator Najeeb Halaby visited the plants of the Anglo-French consortium-British Aircraft Corp. and Sud-Aviation-and was shocked to see how far along the British and French were in building their needle-nosed Concorde jetliner, which will fly at Mach 2.2 (or 2.2 times the speed of sound). The market for a supersonic transport...