Aviation: The Cost Barrier Has Not Been Broken

Nearly two dozen of the world's airlines, from Pan American to tiny Aeronaves de Mexico, have hopefully placed 140 orders for either an American or a British-French supersonic transport. Considering the SST's list of problems, that's quite a bit of hope. Rarely has the development of a new product been more beset by rising costs, clamor and competition.

The Anglo-French Concorde so far will cost the two nations 75% more than originally planned. This admission brought gasps from the House of Commons when it was made fortnight ago by Aviation Minister Julian...

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