Word: eastern
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Dates: during 1970-1979
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Clubby bankers from Zurich to Tokyo have confided to Abboud that Middle Eastern, Latin American and Asian capitalists are poised to invest many billions in the politically stable U.S.-as soon as they become convinced that they will not lose because of further dollar erosion. When these worldly investors plunge in, the stock market will surge, many jobs and business opportunities will be created, and the temporarily groggy champ will start to bounce back...
...biggest airlines, are the most vocal advocates of deregulation. Explains Pan Am's Chairman, William T. Seawell: "The brightest and most satisfying prospect in Pan Am's future is our entry?at long last?into the American domestic market, as part of the deregulation trend." Delta and Eastern strongly oppose deregulation. Smaller and medium-size carriers are trying to line up merger partners to keep from being swallowed up by the big airlines if and when deregulation goes through. Texas International is trying to take over National. Defensive linkups are also planned by Southern and North Central as well...
...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 has sold 157 Airbuses to 16 airlines, and the largest order, for 23, came from Eastern. In 1974, President Borman began begging American planemakers to build a weight-saving twinjet, but they dallied. Next, a new-generation Airbus, designated the A310, will be a direct competitor to Boeing's planned 767. Already the new Airbus, which seats 200 and has most advanced technological features, has been ordered...
...Boeing has bagged the biggest order: a $1.6 billion bundle from United. In the past, such a big deal by United would have sent American, TWA, Eastern and others rushing to place their own orders and thus secure favorable delivery positions. And they would have been crowing about how they were going to create the biggest, all-new, best-everything fleet in the world. So what happened this time? Nothing?so far. U.S. airline chiefs are playing a wait-and-see game. They claim that they will not order new aircraft simply as a reaction to this summer's sudden...
Because of the new masses in motion, the new planes and rapidly changing Government policy, the airlines are flying into uncertain skies. Some of the portents are promising. Says Eastern's Borman: "If people start seeing us as a good replacement for the auto, business could go wild. That's the kind of market we're aiming for. We've taken on the ship and the train, but the private auto is the heavyweight championship." Detroit is not worried yet, but the summer of 1978 has proved that the air travel market can grow much bigger, and that the surest...