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kepdawg
11-21-2005, 02:29 PM
Coverage on CNN, FOXNews, and MSNBC right now.


PORTLAND, Oregon (Reuters) - A Nike Inc. corporate jet with faulty landing gear was circling over Portland to burn off fuel before attempting a landing, aviation officials said on Monday.

William Perez, the sports shoe and apparel company's Chief Executive, was not on the flight, according to local television reports. Nike officials were not immediately available for comment.

Seven passengers were reported to be on board.

"We think probably they'll be coming here to PDX," said Steve Johnson, referring to Portland International Airport's airport code.

The plane was a Gulfstream V, a small top-end jet sold mainly to wealthy travelers and corporate executives.

"We're ready. We have a well-trained fire and rescue team," Johnson said.

Earlier, an aviation official said that the jet could go to a nearby regional airport to try and jog the landing gear by making "touch-and-go" passes on the runway.

"They may try to go to Hillsboro airport to try and jar down the landing gear," said Allen Kenitzer, a spokesman with the Federal Aviation Administration. Hillsboro is near Beaverton, Oregon, a Portland suburb where Nike is headquartered.

"They have not decided where it will land," Kenitzer said.

In September, a JetBlue Airbus A320 airliner with 146 people aboard made an emergency landing at Los Angeles International Airport with a crippled nose gear. There were no serious injuries.

Nike shares were down 1.5 percent at $86.33 on the New York Stock Exchange.

Adidas410s
11-21-2005, 02:30 PM
Originally posted by kepdawg

Nike shares were down 1.5 percent at $86.33 on the New York Stock Exchange.

Seriously...how does this effect their stock price???

Rabbit'93
11-21-2005, 02:46 PM
I guess it all depends who are the passengers on the plane?

kepdawg
11-21-2005, 02:48 PM
Originally posted by Adidas410s
Seriously...how does this effect their stock price???

Well, three senior executives plus another executive are on the plane. CNBC is now reporting that contrary to local news reports it is believed that CEO William Pereze is on board. The stock prices being down may not have anything to do with this incident; however, if I were a Nike investor I would be interested. It's never good for a company to have multiple executives in danger even if the danger is perceived to be minimal.

3afan
11-21-2005, 02:50 PM
I believe in most of Reuters' stories that focus on a company they throw in the companies current stock info ... i looked on www.reuters.com and that seemed to be the case but I could be wrong.

kepdawg
11-21-2005, 03:04 PM
Nike has confirmed that Pres./CEO Perez is on board.

kepdawg
11-21-2005, 03:10 PM
Reports are that the landing gear is now down. The plane will attempt to land soon. Good job to everyone involved in the brainstorming to get this done!

kepdawg
11-21-2005, 03:12 PM
The plane has landed safely with all landing gear down!

zeus63
11-21-2005, 03:16 PM
If they would have put some of those nifty shock things on the bottom of the plane they would not have had any worries in the first place.

AggieJohn
11-21-2005, 03:25 PM
shows that they don't have the "traction" in the market that they need

shankbear
11-21-2005, 03:49 PM
What next??? Air Gulfstream shoes?? The G5 Shox??

3afan
11-21-2005, 03:55 PM
it was the gods warning NIke for producing those hideous VT jerseys

Astrosdawg07
11-21-2005, 05:21 PM
Originally posted by 3afan
it was the gods warning NIke for producing those hideous VT jerseys

And the piss yellow Oregon unis.

Adidas410s
11-21-2005, 05:41 PM
Originally posted by Astrosdawg07
And the piss yellow Oregon unis.

http://www.ssur.org/news/items/2003/200305/images/UofOregon_a-oregongolduni.jpg

http://images.collegegear.com/sf/stores/product_images/141826.jpg

I think I like these better....

http://www.sportsfanoutlet.com/images_cat/ncaa/jersey/tow/or-tdn02.jpg

AP Panther Fan
11-21-2005, 05:47 PM
:eek: looks like #16 might glow in the dark. He looks like one big highlighter pen.:thinking: :nerd:

Astrosdawg07
11-21-2005, 06:24 PM
The middle one isn't to bad, but the top one, good god.:hand:

lostaussie
11-21-2005, 08:09 PM
Originally posted by AP Panther Fan
:eek: looks like #16 might glow in the dark. He looks like one big highlighter pen.:thinking: :nerd: that is absolutely hilarious:)