Word: toed
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Dates: during 1970-1979
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Though some of its oil competitors criticized Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged...
On Thanksgiving Day in London, officers of Trans World Airlines and Europe's Airbus Industrie smiled, bantered and made a handshake deal. TWA, the last of the major U.S. lines to order an intermediate-range jet fleet for the 1980s, indicated that it would choose the European-made Airbus...
Last week TWA got off the Airbus and decided instead to buy ten Boeing 767s at a cost of $500 million, with an option for ten more. TWA had difficulty choosing between the 767 and the A310 because the planes are so much alike: both are snub-nosed, wide-bodied...
In fact, the aerospace industry is the U.S.'s second largest exporter (after agriculture), and sales of commercial jets and spare parts make up $5 billion of the industry's $9 billion contribution to the U.S. balance of payments. Until the mid-70s, U.S. planemakers had about 80...
Still, several factors tipped the balance in Boeing's favor. For TWA, Boeing increased the 767's seating capacity from 198 passengers to 203, the same as the Airbus; agreed to speed up delivery schedules; gave generous financial terms and new guarantees on fuel economy, performance and maintenance...