Word: jetted
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Dates: during 1970-1979
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Seven days before the indictment was handed down, Hughes and a party of ten roared out of London, where he had lived at the Inn on the Park for nearly a year, and flew by private jet to Freeport, on Grand Bahama Island. Arriving at 4 a.m., the entourage moved into four top-floor suites of the Xanadu Princess Hotel. Among its attractions is that it is in a country that recently refused to extradite Financier Robert Vesco to the U.S. to stand trial on an indictment for using telegraph services to carry out a fraud-one of the violations...
...late September, when the Arab wells were pumping full speed. U.S. officials have steadily reduced their estimates of the likely petroleum "shortfall" and made some fuel allocations more generous. The Federal Energy Office last week announced that airlines in 1974 will be able to buy 95% as much jet fuel as they did in 1972, up from an original allocation...
...opening day of the Conference of Non-Aligned Nations in Algiers last September, Black September gunmen attacked the Saudi Arabian embassy in Paris, took Saudi hostages, and finally surrendered in Kuwait. On Nov. 25, as an Arab summit meeting was under way in Algiers, terrorists seized a KLM jet over Iraq and flew around the Middle East before surrendering in Dubai...
...aerospace giant faced bankruptcy because of cost overruns on the C-5A transports it was building for the Air Force; the Pentagon eventually let it escape with a $200 million loss. Almost immediately, Lockheed's effort to build the L-1011 TriStar nearly crashed before the jumbo jet ever got off the ground when Rolls-Royce, builder of the plane's engines, went bust, eventually saddling Lockheed with $190 million in unplanned expenses. That time it took an act of Congress (approval of an unprecedented Government guarantee for $250 million in loans) to save Lockheed...
That seemed a bearable load, with the TriStar flying and getting high ratings from airline executives-until the fuel shortage hit. Faced with sharp curtailments in jet-fuel supplies, airlines have canceled hundreds of flights and delayed orders for aircraft. Lockheed had expected to collect around $ 150 million in cash in 1974, as final payment on deliveries of nine TriStars to Eastern Air Lines; now the deliveries, and payments, have been postponed until 1975 and 1976. Pacific Southwest Airlines is taking a four-month delay on two more TriStars (price: $20 million each). On top of that, Japan...