Word: jumbo
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...that includes refinancing $475.6 million of outstanding debts. Thus within a fortnight, three of the nation's four largest trunk carriers tapped the tightening money market for some $700 million in fresh funds. Cost Squeeze. Almost all of that bundle will go to pay for stretched jet transports, jumbo jets and supersonic aircraft already on order. Scheduled U.S. airlines last year took delivery of 388 new jet planes-a rate of more than one a day-at a cost of $2.1 billion. They are committed to buy $10.5 billion worth of new jets (including options...
...million in 1966 to about $450 million in 1967, are being squeezed by costs that are climbing faster than revenues. Airline mechanics won a 16% pay increase (over three years) after a crippling six-week strike a year and a half ago. Airport landing fees are increasing. The new jumbo jets will require vast outlays for new terminal facilities. Air-traffic delays have mounted beyond expectations; during July alone, they cost Eastern Air Lines $1,200,000 more than had been budgeted...
Private Problem. Monroney would spend the money on new flight-control systems and more metropolitan-area airports, with a view to handling the future's jumbo superjets and supersonic transports. He defends the plea for earmarked special funds by citing the already overwhelming load of education, poverty programs and the Viet Nam war on the nation's general revenues. As if to underscore that point...
...Anglo-French SST that will be rolled out publicly next week in preparation for 1971 delivery. Eastern will probably also service the Boeing SST when it becomes operational in 1974. In addition, the airlines plan to get extra mileage out of their respective peak traffic seasons by leasing jumbo jets from each other. During its heavy winter runs to Florida and Mexico, for example, Eastern might use TWA planes; TWA in turn could add Eastern jumbos on its busy summertime transatlantic flights...
Dancing on the Greensward. When Morris died in 1896 at 62, almost his last words were: "I want to get mum-bo-jumbo out of the world." He had put a good deal into it. His vision of a materialist Utopia with an art-craft peasantry, and Morris himself dancing on the greensward, bordered on the ridiculous. The masterpiece printed by his Kelmscott Press was a massive edition of Chaucer, illustrated by himself and the painter Burne-Jones. It cost ? 20- probably the equivalent of a half-year's wages of one of the men who toiled...