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At a hearing on aviation safety, Mr. Harten told the House Transportation and Infrastructure Committee how in the span of a little more than three minutes he had arranged for emergency landing options at La Guardia Airport, and then Teterboro Airport in New Jersey.
Depending on the landing options the final braking is achieved by thrusting engines or by parachutes.
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The B-52 was attempting to make an emergency landing at Goose Bay, the only landing option not affected by foggy weather conditions.
The company expects to take $150 million to $300 million in first-quarter pretax write-downs of land and land options.
(Mr. Singleton said the company had no new projects planned beyond those three that meet the criteria of having secured both financing and land options).
Toll Brothers, based in Horsham, Pa., said it was taking pretax write-downs of $125 million to $175 million in the quarter on homes it could not sell for a profit, as well as on land options that the company was abandoning.
And their book values will fall as they write off land options and suffer operating losses.
"We should adopt a whole Swansea approach and consider all land options".
Short of abolishing dozens of divisions, overhead is sticky, and closing down subdivisions triggers write-offs on land options and lots in subdivision.
While Hyperion was quietly buying up land options, he stopped by Elk Point's county building and, without identifying himself, picked up meetings minutes and maps.
The earnings per share figure includes charges of 60 cents a share related to the company's decision not to purchase land options.
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CEO of Professional Science Editing for Scientists @ prosciediting.com