Word: short
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Dates: during 1970-1979
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...this could presage the mild recession that is widely expected later this year. If the guidelines fail before the decline in production begins, the only practical, short-term alternative would be an ever tougher monetary policy and higher interest rates. Money supply is already relatively tight, and interest rates are expected to go on rising into June. A continuation of this trend could lead to a recession deeper and more painful than anyone wants...
...order, for ten short-range A310s (with options for ten more), is the largest it has ever made. Lufthansa's purchase of 25 of the planes (and options for an additional 25) is the biggest order the decade-old consortium has landed. Equally significant, the sale marks the end of Lufthansa's overwhehning dependence on Boeing. Said Lufthansa Chairman Herbert Culmann: "We have no interest in turning a giant into a colossus...
...three sales of new wide-bodied planes. Indeed, since last year, it has sold almost as many wide-bodies as Boeing and more than McDonnell Douglas and Lockheed. These two companies have run out of steam because neither has launched a new model for the short-to medium-haul market. Says the consortium's French president, Bernard Lathière: "Three years ago, there were three major companies in the [jumbo] market-Boeing, McDonnell Douglas and Lockheed. Today there are two-Boeing and Airbus...
...A310, which carries 200 to 255 passengers, is a later model that will compete with Boeing's twin-engined 767, which will be used on short-haul routes in the early '80s. The first A310s are due to begin flying in 1983 for Swissair, which last month signed an order for ten planes. That was a key deal because Swissair has depended heavily on U.S. planes in the past, and Switzerland is not a member of the Airbus group or of the Common Market, and thus was under no visible pressure to buy European...
...airliner purchases, now make up only one-half of the market. European and Third World lines are growing fast, and they seem more inclined to fly non-American jets than U.S. carriers do. The Airbus consortium aims to sell at least 25% of the 3,000 or so short-and medium-haul jets that will be needed by the early 1990s...