Word: 3s
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Dates: during 1960-1969
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C.A.L. has every reason for confidence. In less than seven years, the line has parlayed high hopes and a low-flying PBY into a sophisticated operation with 24 aircraft, mostly antiquated DC-3s and C-46s. Though 1966 profits of $2.9 million were modest by international-carrier standards, C.A.L. executives nevertheless point proudly to the fact that they have increased revenues 106% in the past four years. Indeed, Nationalist China's first jet airline now bills itself as the fastest growing Asian company since Sony...
...jumbo jet has largely drowned out the hum of a smaller but still important market. Lured by the economy of jet planes and lifted by their earnings from increased traffic, regional airlines around the U.S. have been moving into the jet age, casting off decrepit DC-3s and aging Convairs, which gave them their start. British Aircraft Corp., with its BAC-111, and both Boeing and Douglas have tapped the regional market with small, fast jet airplanes designed for short runs and shorter runways...
Unchanged ?. For years British schoolchildren have chanted, "Twelve pence make a shilling; 20 shillings make a pound," and the system they were straining to learn is as dismal as the chant. The mere job of figuring a 10% discount on a 3? 3s 3d roast beef could take a man to the edge of starvation. The system had at least one advantage: it had practically always been that way. The pound and penny first appeared about the time of King Offa in the 8th century. They were originally named for the Roman libra and denarius (hence the still used signs...
Amelia Earhart helped found Northeast Airlines 35 years ago, and some critics insist that that was the highest Northeast ever flew. Its equipment included the oldest DC-3s flying regular service in the U.S. Schedules through and out of New England were as patchy as a Cape Cod fog, baggage and reservations were often scrambled. Anguished anecdotes about Northeast service became a fad. There was, for instance, the plane that loaded up and then sat for so long on the apron that passengers joked to one another about not having a pilot. As it turned out, they didn...
...leasing company that will eventually enable Northeast to obtain a fleet of 727s and DC-9s-28 in all-to give it competitive frequency. Using a $22 million bond issue raised in its own name, Northeast is also acquiring seven Fairchild 227s to replace the creaky DC-3s on short flights. Most important of all, Storer lured away American Airlines' Operations Vice President Forwood C. (and inevitably...