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Boeing Threatens to Pull Out of $35 Billion Air Force Tanker Program
The Boeing Co. (BA) doesn’t believe it can win the controversial competition for a $35 billion U.S Air Force tanker contract without a six-month extension, and now has threatened to pull out of the competition altogether.
The Chicago-based Boeing said it wants the extension to incorporate what the aerospace giant contends are essentially new requirements calling for a bigger tanker with a larger fuel-carrying capacity. The Pentagon has told the bidders it will grant two months for the bidders to assemble and submit their new proposals, a Boeing official told the Atlanta Business Chronicle.
“If we’re unable to secure sufficient time to…
26Aug2008 | Money Morning | Comments Off | ContinuedThe Airline Waiting Game…
More news on the Silent Spring front.
Northwest and Air Canada are cutting flights within the US, and grounding more aircraft.
Thing is, most of the airline cuts announced to date have not yet taken effect. The plane groundings and service cutbacks will occur towards the end of the year and into 2009. As of now, almost all of the flights are still rolling down the runways.
For the flying public, all that passengers are seeing just now is higher ticket prices and the nickel-and-dime stuff like charging for bagage check and paying for the sodas in coach class. A lot of people…
24Jun2008 | Energy and Oil | Comments Off | Continued
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