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BUSINESS
March 9, 1989 | From Reuters
The European Community gave the go-ahead Wednesday for a major West German subsidy package for the European Airbus that could exacerbate U.S. frustration over government aid for the airliner project. Bonn is to pay about $2.11 billion in subsidies to a yet-to-be-created subsidiary of aerospace firm Messerschmitt-Boelkow-Blohm that will oversee West Germany's 37.9% stake in the four-nation Airbus Industrie consortium. Airbus builds planes that compete with those of U.S. manufacturers.
BUSINESS
March 2, 1990 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Ever since Orville Wright flew for the first time, aircraft have faced an insurmountable aerodynamic barrier. Known as stall, it occurs when wings fail to provide adequate lift and an aircraft plummets. The new experimental X-31 jet fighter, which is supposed to break that barrier, was rolled out Thursday in Palmdale at ceremonies by Rockwell International and its West German partner, Messerschmitt-Bolkow-Blohm.
BUSINESS
March 2, 1990 | RALPH VARTABEDIAN, TIMES STAFF WRITER
Ever since Orville Wright flew for the first time, aircraft have faced an insurmountable aerodynamic barrier. Known as stall, it occurs when wings fail to provide adequate lift and an aircraft plummets. The new experimental X-31 jet fighter, which is supposed to break that barrier, was rolled out Thursday in Palmdale at ceremonies by Rockwell International and its West German partner, Messerschmitt-Bolkow-Blohm.
BUSINESS
March 9, 1989 | From Reuters
The European Community gave the go-ahead Wednesday for a major West German subsidy package for the European Airbus that could exacerbate U.S. frustration over government aid for the airliner project. Bonn is to pay about $2.11 billion in subsidies to a yet-to-be-created subsidiary of aerospace firm Messerschmitt-Boelkow-Blohm that will oversee West Germany's 37.9% stake in the four-nation Airbus Industrie consortium. Airbus builds planes that compete with those of U.S. manufacturers.
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