Word: 727s
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Dates: during 1960-1969
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Maclntyre's successor will have to make some cash stick. Hall will be helped by the fact that Eastern has just completed a Maclntyre-planned $237 million refinancing plan that will enable it to take delivery on 40 new Boeing trijet 727s next year. Also in Eastern's favor is the recent decision by the Civil Aeronautics Board to remove Northeast Airlines from the New York-Miami run. Though the CAB order is now being tested in court, the chances are good that within a few months Eastern will have only one competitor, rather than...
...hour.) But Boeing earned its advantage by gambling $18 million to build a prototype for the Air Force to look at before it bought. With 40% of the world jet market, Boeing has so far sold 439 of its 707s, its medium-range 720s and its short-range 727s (first deliveries in 1963). Boe ing has succeeded in paying its development costs only by writing them off against its other profitable divisions. Still. Boeing President William M. Allen is the most optimistic company head in the business. Says he: "If present sales trends continue, we should ultimately reach the break...
...drop eight cities on Capital's unprofitable short-haul runs. The new giant will serve 117 cities, spread across the U.S. in a rough H. To handle this 18,000-mile network in streamlined fashion. United al ready has on order 20 twin-jet French Caravelles, 40 Boeing 727s, six more DC-8s and eleven more Boeing 720s. These, plus Capital's Viscounts, will give United the biggest jet fleet in the nation...
...ORDERS for Boeing's 727, a 65-to 88-passenger jet still under development, will be placed by United Air Lines. United plans to buy 40 of the 600-m.p.h. 727s, which will cost about $4,000,000 each...