Business: Boeing Wins an Asian Bonanza

Champagne and new 747s on Singapore Airlines

During gloomy days earlier this decade, planemakers kept their spirits up with thoughts of the boom to come when airlines finally had enough cash to replace their aging, noisy and fuel-inefficient fleets. At last, this dream seems to be becoming reality. Last month Pan Am signed a $500 million contract with Lockheed for twelve wide-bodied TriStar L-1011s, and last week small, state-owned Singapore Airlines (SIA) stole Pan Am's headlines. It placed with Boeing the richest order in commercial aviation history: $900 million for 13 jumbo 747s and...

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