European Stars And Stripes (Newspaper) - February 20, 1985, Darmstadt, Hesse Inside stripes new South korean Premier it sworn in _. Page 8 d putting on the Ritz in Vienna pages 14,15 d diver Greg Long Alt wins Sullivan award Page 21 vol. 43, no. 307 wednesday. February 20, 1085 a do m a d 8693 a plane crash in Spain kills 148 Bilbao Spain a an Iberia air lines Boeing 727 crashed tuesday in Northern Spain. Rescue parties reported they found to survivors among the 148 people aboard. Earlier reports from Bilbao Airport officials had quoted rescuers As saying there were believed to be at least 20 survivors. Civil aviation authorities said flight 610 from Madrid the Spanish capital crashed into 3,340-Fbot-High Oiz Hill just before it was to land in the Basque Industrial City. Air traffic controllers said the aircraft disappeared from their monitors at 9 35 . Some 15 minutes before it Waslo land at Sandica Airport. Authorities said the crash occurred 18 Miles Southeast of Bilbao near the town of Durango As the plane was making its approach. Ten minutes before the expected Landing in Bilbao the control Tower at the Airport lost Contact with the aircraft Iberia airlines spokesman Frank Mendoza said in a Tele phone interview from Madrid. About 40 minutes later a Telephone Call was received at Bilbao Airport from a Resi Dent in Durango saying that possibly an aircraft had crashed in the mountains nearby. The authorities said it was Cloudy in Bilbao at the time of the crash but Airport officials said flights to and from Bilbao in similar weather conditions Are common. At tint it was reported that 144 passengers and seven Bilbao Madrid Spain Portugal Crew Mceben hid died. Iberia later said a total or 141 passengers and Kven Crew member were aboard. Rural police radioed from the scene that they were not Able to find any tur Vivon in the burning wreckage scattered Over 2,000 Yards. The bolivian ambassador in Madrid. Luis Adolfo Sites said Bolivia s labor minister Gonzalo Guzman and three bolivian engineers were on the plane travelling to Bilbao to negotiate an electric train construction project. Iberia sources who spoke on condition of anonymity reported that the former Spanish foreign affairs minister Grcgorio Lopez Bravo was also aboard but that could note confirmed. A person named Lopez Bravo was listed on the flight Manifest released by Iberia. There were no immediate reports on the nationalities of the other passengers although most of them were believed to be spaniards. Two commercial plane crashes in Spain in late 1983 killed 274 people. On nov. 27, 1983, a Boeing 747 of the colombian airline Vianca crashed and exploded in flames a few Miles outside Madrid killing 181. On dec. 7,1983, an Iberia air lines Boeing 727 and a dc-9 belonging to a Domestic Carrier. Avico collided Ona fog shrouded runway at Madrid s Barrajas Airport kill ing All 42 people aboard the dc-9 and 51 aboard the 727. Is Pitolo by 1 Emma to a we or. Pattern in the Snow. /. Story other pictures on Page 9 stubborn Buck still on a Roll London up the Dollar rocketed to record highs in Europe tuesday despite intervention by Central Banks that sought to Cool off the hot Greenback. The Dollar set All time records in France Belgium and Italy and was at a 13-year High in Frankfurt despite the West Germa Central Bank s Sale of an estimated $200 million. There u still no reason to sell dollars a dealer in Paris Laid. The us. Unit was hied in Frankfurt at 3.3162 Marks compared to monday s fix of3.2788. Tuesday s rate was the highest for the Dollar since november 1971. Sec con version table 04 Page 27. In Zurich the Dollar closed at 2.8150swiss francs against 2.8015, and in Paris the Greenback closed at 10.1250 franc against monday s 10.0775 and the pre Vious record of 10.08 set last thursday. The Only place the Dollar slipped was in London where it closed at 1.092.5 to the Pound against 1.0917. The Dollar closed in Milan at 2.044.90 lire against monday s 2,027.80, which waste previous record. In Brussels the is. Unit finished trading at 67.07 belgian francs against 66.6250, which was the pre Vious record. A dealer in London said clearly the Market was waiting for the . Federal Reserve to make a More determined Effort to slow the Dollar s he said the european Central Banks seem reluctant to move on any scale until they receive the support of the the Paris dealer said the Dollar s Rise today s Dollar buys 3.30 Marks is due in part to commercial demand and comes despite mild intervention by Central Banks which apparently wanted to demonstrate they were Hill around. Rea Gan is More than a bit Correct when he says the problem is not that the . Dol Lar is too High but that the other currencies and economies Are too in London Gold closed Down at $302.75 to the ounce against 1304.50. Silver finished at s6.175 to the ounce against $6.265. Amelco loan now you can take it with you by Bob Hove staff writer your military banking loan now May be taken Back to i a United slates with you. Total i a break from the past when Loans had to be paid off before you a churned Home. A launching a liberalized credit program. American to Fnu military banking officials say they Hope to expand the credit potential for their customers in Ger Many the United kingdom the Netherlands and new program reverses longstanding policy that limited loan repayments to a service member s overseas officials exp Cal the new program to make them More competitive with Federal credit unions which permit their members to carry Loans anywhere in the world. American express charges 15 percent interest on mos Loans. Credit Union rates generally Are less on collateral Loans and vary from credit Union to credit Union. Kicked off last month without promotion the military banking loan continuation program is just beginning to see loan on Page 28
