Word: consortiums
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...Callaghan decided against British wings for the 757. Instead, the British Government pursued negotiations to join the Airbus consortium. That might strengthen Airbus as a Boeing competitor-if the British are allowed in. But the French threaten to freeze them out if Britain goes ahead with the Boeing deal. While it must find some other builder for its wings, Boeing can rejoice in having emerged from the dogfight with $1 billion-plus in orders-enough to assure the 757 a zooming sales takeoff...
...Europeans are disputing U.S. dominance as never before. The challenger is the Airbus A300, made by a French-German consortium with a Spanish junior partner?and financed by all three governments. It is the world's first twin-engined wide-body jetliner, and it can carry up to 310 passengers for almost 50% less in operating costs per seat mile than the stretched version of the 727, which has similar capabilities. In a sense, the Airbus is the finest American plane that the Europeans could build; its highly efficient engines are produced by General Electric. The Airbus Industrie consortium...
...other industry are there such large international combines?or so much high-level politicking. When he visited Jimmy Carter last June, British Prime Minister James Callaghan discussed an Anglo-American aviation linkup. British Aerospace, a nationalized collection of airframe and weapon makers, is being courted by the European Airbus consortium and Boeing. As a start, Boeing wants British Aerospace to make the wings for its planned narrow-bodied, 150-passenger...
...been easy lately for either the Socialists or the Centrists. Popular discontent has been rising steadily. Inflation in Portugal during the first six months of 1978 has climbed to an annual rate of 21%. To get approval from the International Monetary Fund for $750 million in loans from a consortium of Western countries, Scares' government agreed to strict austerity measures that have drastically raised the price of food, transportation, fuel and other necessities. The wages of urban industrial workers have barely managed to stay ahead of the spiraling prices; rural workers are now worse off in terms of purchasing power...
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...