Word: jetted
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Dates: during 1970-1979
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...Shah's loan to Pan Am would come just in time. The airline lost an estimated $75 million in 1974 and $165 million in the five years before that. This year's prospects offer little cheer for the airline. Jet fuel costs are still at record highs, the recession is cutting into tourist travel, and payments are constantly coming due on the company's huge debt...
...along with Secretary of State Henry Kissinger. "Kissinger had a new quotation for the history books: 'Pay.' And pay we did, and we will continue to pay until the U.S. deals with the blackmailers in the manner they deserve. No tribute, no foreign aid, no trade, no jet fighters to these people-nothing until the blackmail stops...
Barring any unforeseen problems, the Air Force's initial $418 million order for 15 preproduction YF-16s will grow into a $4.3 billion purchase of 650 planes at first, and perhaps another 400 planes later on. Although the Navy is looking closely at the Northrop jet, it too may decide to purchase a carrier version of the YF-16. Meanwhile, a consortium of four NATO allies-Belgium, The Netherlands, Norway and Denmark-is approaching a decision on whether to buy 350 of the planes. In the end, orders could total as many as 3,000 planes worth $15 billion...
...static at about 968,000 for the past three years. Nearly 30% of the Air Force spending on the YF-16 would flow to Fort Worth; another large slice would go to the plants in Connecticut and Florida where Pratt & Whitney will build the YF-16s' $1.5 million jet engines. General Dynamics last year overtook Lockheed as the U.S.'s largest defense contractor (total 1974 sales: about $2 billion), but the order comes at a time when the company needs a long-term contract to pick up the slack caused by a dropoff in production of the costly...
...family could afford a jet-set life. But instead, Julio and his brother Ruy spend most of their time managing the paper...