Word: costes
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Dates: during 1950-1959
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...create this 20th century oasis has cost France dear; between them, two French oil firms-one 80% government-owned, the other 30% government-owned -have spent an estimated $300 million on Hassi Messaoud and its 40 producing oil wells. Similar sums are being spent at the Sahara's other major field-Edjelé -and 900 miles of Saharan pipeline will cost at least another $60 million...
...prove one of the world's largest iron deposits (an estimated 2 billion tons of better-than-50% ore), and below the coalmining center of Colomb-Béchar geologists have found a lode of manganese capable of yielding 50,000 tons a year. Today the great cost of transporting them out of the Sahara excludes exploitation of these heavy ores. But Soustelle, firmly if vaguely, continues to talk of the day when "we shall see materialize in the Sahara in a new way the modern activities of a big part of our industry." With more immediacy, he talks...
...FREIGHT RATE SLASH of 50% is expected after delivery of turboprop cargo planes ordered by Pan American World Airways from Lockheed at cost of $60 million. Scheduled for early 1962 delivery, the twelve Super Hercules planes will carry 35-ton payload nonstop across Atlantic, cruise at 360 m.p.h...
With the thought that climbing an old-fashioned ramp to board a jet plane is like using a ladder to mount a race horse, American Airlines last week introduced the first true jet-age boarding system. At a cost of more than $100,000, it put into operation at San Francisco's International Airport a system of "jetwalks...
...still has problems. Its international division, which does not yet have jets, is expected to operate at a loss this year. Thomas denies that TWA is about to sell the overseas business, an industry rumor prompted by a plan to transfer to Pan American six long-range Boeing jets (cost: $40 million). Thomas has found that one 707 will do the work of three piston planes (instead of two, as originally expected), is willing to sell to Capital Airlines six Convair 880 medium-range jets, on order for TWA. The sale would relieve TWA's eccentric owner, Howard Hughes...