Word: tristar
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Dates: during 1970-1979
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Four other documents are English translations of receipts signed by Kodama (in Japanese fashion, with surname first) for payments totaling $2 million. They are dated November 1972-the same month that All Nippon Airways agreed to buy $130 million worth of Lockheed's TriStar jetliners, in a deal that was regarded as crucial to the company's survival...
...scene outside Lockheed Aircraft Corp.'s assembly plant in Palmdale, Calif., symbolizes the condition of the $4.7 billion U.S. commercial aircraft industry today. There, glinting in the desert sun, stand five immense L-1011 TriStar jetliners, each worth $23 million. At first glance, they seem ready for delivery. The lettering on two of them spells out the name of Court Line, a British charter airline. The other three wear the bright symbol of Pacific Southwest Airlines' "grinning birds"-a broad smile painted under their striped cockpits. But Court went bankrupt in 1974, and PSA's business...
...orders for only eleven in the first nine months of 1975. Boeing ($2.7 billion through September) watched its sales of 747s drop from 29 in 1974 to 20 last year. And Lockheed ($2.5 billion through September), which won 28 orders for the TriStar in 1974, did not get even one last year. (Military business, which accounts for more than half of each company's revenues, and deliveries of jetliners under old orders muffled the impact on profits...
...awarded to foreign aircraft by their governments-as long as the planes meet standards established by the International Convention on Civil Aviation. In recent years, the French and British have accepted American evaluations of the Boeing 747 jumbo jet, the McDonnell Douglas DC-10 and the Lockheed L-1011 TriStar without argument. Now they clearly expect the U.S. to do the same with the Concorde, which has undergone more than 5,000 hours of exhaustive flight testing and has been certified as airworthy by both French and British authorities...
...been financially shaky ever since it ran into mammoth cost overruns on the C-5A cargo plane in the late 1960s. It received a near lethal blow in 1971 when Britain's Rolls-Royce, maker of the jet engines for the company's civilian L-1011 TriStar, went bankrupt, and Lockheed eventually lost $300 million, due in part to canceled orders. A recent rescue operation, under which Textron Inc. would have provided $100 million in new cash in exchange for a 46.8% interest in Lockheed, fell through in February. Lockheed two weeks ago announced that its profits...