Word: turboprops
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...takes off and lands like a helicopter, but tilts its rotors forward once airborne to fly like a turboprop airplane. That lets it fly much further and faster than traditional helicopters. It is the keystone to the Marines' future, and they have been fighting for the program for years. One opponent was then-defense secretary Dick Cheney, who wanted to kill the V-22 during the first Bush administration because he thought it cost too much. The recent revelations mean that Vice President Cheney and a second Bush administration may seize a second chance to put the troubled $40 billion...
...night we met, Forbes came to the back of his chartered Gulf Stream turboprop and asked me, of all people, the inside story on the AOL-Time Warner merger. When I told him I had hoped to ask his take on the whole mess, along with his advice on what to do with the stock, he said sell. "Nobody ever lost money taking a profit," he said. Two days after I didn't take his advice, God punished me. The stock had dropped 25 points...
...helicopters each year, or more than $1 billion. More critically, some Pentagon officials suggest that the Marines don't want the crash to jeopardize Bell's $36 billion V-22 program. That Marine "tilt-rotor" aircraft, which takes off and lands like a helicopter and cruises like a turboprop airplane, is on the verge of lifting off after more than a decade of troubled development...
...Canadair Regional Jets. He was thrilled, a feeling that commuter-airline passengers usually get only in dicey weather. "I have some reservations when I'm told I'm flying a Delta Connection flight," said Paffenroth, uttering the dreaded words that often indicate a slow, noisy, cramped trip in a turboprop. But for him this flight is preferable even to one on a bigger but crowded Delta Air Lines...
...regional carriers and their affiliates, it all means more profits. The Canadair Regional Jet has a sticker price of $18 million, vs. $7.5 million for an Embraer Brasilia, a popular 30-seat turboprop, but because the jet generates higher revenues, it has been profitable for Comair since its first month of operation. It has also fueled growth for Comair. The carrier's revenues have more than doubled since 1993, the year Comair started flying jets, to $564 million in fiscal 1997. Profits have risen meteorically: last year Comair posted net income of $75.4 million, an increase of 291% from...