Pan Am picks a U.S. model, while Eastern goes European
Time has not been kind to U.S. airlines. Poor financial health has robbed some of the biggest carriers of vitality in recent years, limiting their ability to replace aging, noisy, fuel-inefficient aircraft, some of them two decades old. But now passenger traffic is up, some lines are reporting profits or lower losses, and not much time is left to start replacing obsolescent airplanes—so the big carriers have begun moving on aircraft purchases that could total $80 billion by the end of the 1980s. Last...
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