Word: jumboes
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...headquarters to Miami or some other city, where costs are lower. It may also chop more employees from its payroll; it has already let go 4,000, leaving 30,000, and cut salaries 10% across the board. Finally, Pan Am is trying to sell two of its Boeing 747 jumbo jets, although finding buyers is tough. Insists Acker: "We have over $200 million in cash. We are a long, long way from a cash crisis." What Pan Am and the industry need, he says, "is a good 15% fare increase. With that we'd be healthy...
...contention that "monkey genes" or natural selection could explain the appearance of the human race; the odds that "random shuffling" of amino acids would have produced life were, he said, one out of 10 40'000-the equivalent of a tornado blowing through a junkyard and producing a jumbo...
Even mighty Boeing is facing a drop in business. The Seattle-based firm has taken only 23 orders for its jumbo 747 in 1981, as compared with 49 last year, and just 24 for the medium-range 727, down from 74 in 1980. Also troubling Boeing is the proposal by American, Air Canada and other airlines to refit their aging 727 planes with new engines rather than Duy the new aircraft the company has designed. Boeing Chairman T.A. Wilson already admits that sales next year will be much slower than...
Lockheed flew into more turbulence during the mid-1970s, when it admitted making questionable overseas payments. The ensuing scandals rocked the Japanese and Italian governments, and in The Netherlands, the then queen's consort was forced to give up virtually all his military and business positions. The jumbo jet even gave Lockheed headaches when times were good. Orders poured in so fast in 1978 and 1979 that the company was forced to pay premium wages and materials prices to meet the unanticipated demand. The result: Lockheed lost $199 million on the TriStar last year, and the company...
Last week in the decrepit Chicago Amphitheater, in the middle of the stockyards, Joe and Floyd ("Jumbo") Cummings fought to a melancholy ten-round draw. Frazier may still shake buildings, but what once would have been lethal lefts did not move Jumbo, a muscle-bound 30-year-old ex-convict, who almost knocked Joe out three different times. Joe's left eye was blackened, his lower lip was frayed, his face was starting to lose definition just like in the old days, and he felt wonderful. "It was worth it to me," he said. "When I got shook...