Word: consortium
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Dates: during 1970-1979
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...seeking the dowry of a fabled heiress, the major planemakers for months have been courting United Airlines. Salesmen from Lockheed, McDonnell Douglas, Boeing-each carrying special pleas and promises-swarmed to the company's Chicago headquarters. There was also a fascinating newcomer on the scene, the European Airbus consortium. Reason for the wooing: United, the free world's largest airline, was preparing to place the first big order for the new generation of supersophisticated jetliners on whose fleet wings air travelers will fly into the 21st century...
Shortly before United's announcement, Airbus Industrie, the state consortium owned jointly by France, West Germany and Spain, took an early lead in the sale of new-generation jets by winning 20 orders, worth $500 million, from Lufthansa, Swissair and Air France for the B10. Airbus executives pretended not to be discouraged by Boeing's victory. "United's order was not a launch order for us as it was for Boeing," said one Airbus official in Paris...
Washington observers feel that the next few weeks may prove crucial in determining whether the Sadat initiative can be rescued and Sadat can survive politically. For the second year in a row, an international financial consortium made up of the U.S., Saudi Arabia, the World Bank, the International Monetary Fund and several European countries has agreed to a multibillion-dollar aid package covering Egypt's foreign-currency needs. Though that will allow Sadat to import enough wheat to keep his people fed, they still hunger for the peace-borne prosperity he has led them to expect. Says one White...
Capitalism swam in with Swedish-born Mats and Daphne Engstrom, whose California Sunshine Inc. has worked for two years to make caviar pearls of Davis-raised A. transmontanus eggs. One day last week the California consortium transformed the U.S. Senate's Mike Mansfield Room into a caviarteria. The guests enthusiastically downed 20 Ibs. of caviar and 30 Ibs. of smoked sturgeon as well as 70 bottles of California champagne. A caviar connoisseur from TIME, Correspondent Gregory Wierzynski, was on hand; on a scale of 1 to 10, he "rated the West Coast product at 8. The price...
...Lowe and Edmunds are a little like an informal consortium, switching roles and swapping talents. Lowe produced the most recent Elvis Costello album, and has worked with the galvanic Graham Parker and the Rumour (a group made up of some Brinsley Schwarz refugees). Edmunds temporarily forsook his own production chores to back up Lowe on his tour of the colonies. "I would never go onstage with another lineup," Edmunds says. "I've got the best, and we're just starting...