Word: gulfstream
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...acre estate near Amherst, Mass. (their primary residence); 22 fine cars, including two Rolls- Royces and a 1937 Aston Martin; an extensive collection of black American art; antique English and Shaker furniture; four cellars of vintage wines; and a seven-passenger Mitsubishi jet (a second jet, a 13-passenger Gulfstream IV, is on order...
Chrysler intends to keep up with the automotive space race by making several high-tech acquisitions. In August 1985 the automaker spent $642 million to buy Gulfstream Aerospace, a maker of business jets. Iacocca has since been interested in a friendly takeover of a defense contractor priced at $1 billion or less but has been unable to find a suitable match...
Ever since Palestinian terrorists staged attacks last Dec. 27 at Rome and Vienna airports against the Israeli airline El Al, it was inevitable that the Israelis would respond. Last week they apparently thought they had their + chance. As a Libyan Gulfstream II executive jet carrying nine passengers and three crewmen passed the southeastern coast of Cyprus on its way to Damascus, two Israeli fighter jets intercepted the aircraft and ordered the pilot to proceed to Ramat David air force base, near Haifa...
Details also emerged of the planning of the U.S. interception, some courtesy of a ham radio operator in Chicago who eavesdropped on one of the six conversations between President Reagan and Defense Secretary Caspar Weinberger. At the time, the two were aloft in separate aircraft, but Weinberger's Gulfstream C-20 transport had not yet been fitted with a scrambler fully compatible with that on Air Force One. "Weinberger made the comment that it may take shots across the bow," the brother of the ham operator told reporters. "The President said, in essence, I don't care what it takes...
Meanwhile, Chrysler announced that it might acquire Gulfstream Aerospace, an aircraft manufacturer, for some $640 million. Finally, Trans World Airlines continued to fend off a hostile bid from that hungry raider, Carl Icahn, who holds more than 26% of the outstanding TWA shares. The airline's executives might try a leveraged buyout, which would involve management's borrowing money to purchase the company. But Eastern Airlines has said that it was considering a bid for TWA. According to Wall Street slang, TWA is now "in play." Stay tuned...