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More bad news is ahead. The authoritative Aerospace Industries Association predicts that commercial-transport sales this year will not exceed 215 planes. That means still fewer jobs in an industry whose direct employment had already fallen from 973,000 people in 1974 to 921,000 last year. The expected total next December: 903,000. When subcontractors' layoffs and the ripple effect on housing and other industries in plant towns are added in, the sag in the airplane industry might well be a drag on the nation's economic recovery...

Author: /time Magazine | Title: AIRCRAFT: No Market for the Jumbos | 2/2/1976 | See Source »

Ironically, the slump in the U.S. jetliner business seems to have spurred old competitors to new heights. By far the most noteworthy planes of 1975-the Concorde supersonic transport, the mediumrange, twin-engined Airbus A300B and the short-range Fokker VFW-614-were built by European consortiums. None of these craft pose an immediate threat to U.S. pre-eminence in the world market. But the European planes are of such quality that U.S. manufacturers now must watch not only one another but foreigners determined to open new horizons of excitement and speed in air travel...

Author: /time Magazine | Title: AIRCRAFT: No Market for the Jumbos | 2/2/1976 | See Source »

Unlike a closeup look at the moon, the visual impact of Pacific Overtures is ravishingly beautiful. The screens and sets (Boris Aronson) and costumes (Florence Klotz) transport one hypnotically into the realm of ukiyoe, the "floating world" of the Japanese print. The shape and tone of the show is that of a Kabuki-styled operetta. It is audaciously ambitious and flagrantly pretentious. Pacific Overtures attempts to portray the Westernization of Japan after the arrival of Commodore Matthew Calbraith Perry's trade mission in 1853. The appearance of Perry's battleship is the evening's showstopper. First...

Author: /time Magazine | Title: The Theater: Floating World | 1/26/1976 | See Source »

...recent newspaper ads, that was the provocative sales pitch for the Concorde, the supersonic transport developed by Britain and France at a cost of nearly $3 billion. Indeed, the sleek, needle-nosed aircraft can fly 1,400 m.p.h., twice the speed of sound. It cuts trans-atlantic air travel from seven hours to 3%, and can lower the time for a San Francisco-Tokyo run from 11% hours to seven. But the Concorde ads may be prematurely optimistic. The plane has not yet received permission to serve U.S. airports, and unless it does, Franco-British dreams...

Author: /time Magazine | Title: Environment: The SST: Hour of Decision | 1/19/1976 | See Source »

O.T.C. represents a long-sought liberalization of the Civil Aeronautics Board's charter rules-as a CAB spokesman puts it, "the most significant step the agency has ever taken in regard to charter transportation." The change, approved in September, allows the vacationer to choose between dozens of destinations at a price that includes air fare, hotel room, ground transport, taxes and tips. And no longer does the traveler have to belong to a so-called affinity group, such as a club or union, to qualify for the reduced rates. The new package is often less than the price...

Author: /time Magazine | Title: Modern Living: Cut-Rate Camelots | 1/19/1976 | See Source »

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