AVIATION: Fixing the Electra

Ever since Lockheed Aircraft Corp. announced the cause of two crashes by its turboprop Electras (TIME, May 23), the big question has been: Who will pay to have the planes fixed? This week Lockheed was ready to sign contracts with Electra-equipped U.S. airlines obligating Lockheed to pay all direct modification costs, which it estimates will total $25 million. The lines, arguing successfully that they have already paid a high price in lost revenues and increased operating costs, will pay only minor expenses, such as flying the planes to Lockheed's Burbank, Calif,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!