Word: 6s
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Dates: during 1950-1959
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...their piston planes. Last week a young (31), gangling (6 ft. ½ in.), onetime hedgehopper named Frederick Ayer showed how the trick can be done-with a tidy profit for himself. From his 24-room office suite in Manhattan, Fred Ayer announced the purchase of 45 Douglas DC-6s (value $30 million) from American Airlines, plus first refusal rights on the $23 million worth of DC-6s left in American's fleet...
...more than half sold); it also makes Fred Ayer, president and sole owner of his firm, easily the world's biggest aircraft dealer, puts him in a commanding position to cash in on the used-plane market. Since September, he has bought 80 big planes (47 DC-6s, 33 Convairs) from jet-converting U.S. airlines. He has sold or leased ten of the eleven Convairs that have already been delivered, has buyers from small airlines or corporations for 40 more planes. His main problem, says Ayer, is not selling the planes, but getting them from the airlines fast enough...
...satisfy other flyers' needs for planes, soon switched to being a dealer (adding five years to his age to impress customers). He got his first big chance after World War II when the Air Force decided to bypass preliminary trainers and begin fledgling flyers in North American AT-6s (advanced trainers). When other countries followed the U.S., a shortage developed, since North American had stopped making the planes. Ayer scoured the world for the ATs (he found 15 on an abandoned British airstrip in Southern Rhodesia), sold 252. plus another 380 small planes. Last year he broke into...
...American, convinced that the great strides made during the war in air transport would bring on the air age and a huge new air-travel market. Just as he had worked with Douglas on the DC-3, he encouraged the firm to build the four-motored, long-range DC-6s, boldly ordered a fleet of 125 DC-6s and shortrange, two-engined Consolidated Vultee CV-240s. As usual, he showed himself a master at timing and bargaining. So eager was Consolidated (now Convair) for orders to relieve its postwar slump that he got the 240s for the rock-bottom price...
Capital bought the Viscounts in 1954 because it had to have planes that could match the big, swift DC-6s and DC-7s of its rivals on the crowded New York-Washington-Chicago routes. Yet because it has few long, nonstop hauls, Capital could not operate big planes as economically as other lines. The medium-range Viscount seemed to be the answer, although, as the first foreign-made plane to fly in U.S. airlines, there was a question how it would stand...