Since the last commercial supersonic flight 11 years ago, the world has accelerated in every respect but one: Instead of increasing speed, airlines have focused on driving down costs by commissioning ever-bigger planes crammed with ever more people. In 2003, for example, a Boeing 747-400 configured for three classes could carry 416 passengers; today’s Airbus A380 can accommodate 525.
The family of Gulfstream corporate jets, like the one that crashed last week killing sports- franchise mogul Lewis Katz, had an accident rate of less than half its peer group as investigators now try to determine how the plane skidded off a runway at a Massachusetts airport.
Valeant fell 3.5 percent yesterday, the biggest drop in two months and for its eighth consecutive day of declines, during which it has lost 10 percent. The stock now trades below its price on the day Valeant announced its bid for Allergan, which won’t help its cause.
Pilots on the Gulfstream IV jet carrying sports-franchise mogul Lewis Katz discussed a control issue with the aircraft just before their fatal attempt to take off from a Massachusetts runway last week, investigators said.