Word: 727s
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...have been ordered, and Boeing expects to sell some 400 over the next nine years. Along with more sales of its bread-and-butter 707s and tri-jet 727s, Boeing also picked up its first major Pentagon order since 1958. Under an initial $236 million contract, the company will develop and produce a nuclear-tipped SRAM (for short-range attack missile), a sort of son of Skybolt that can be launched from airborne bombers, guided to targets 100 miles away. SRAM may be worth $1 billion to Boeing eventually...
Trying to Be Selective. Under Storer, Northeast shows signs of getting off the ground. The new owners have paid off debts of $38 million, provided operating capital and set up a 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...
...Boeing 747s, the jumbo jet (up to 490 passengers) that will go into service in late 1969. The government gave BOAC a go-ahead. Already under fire because its British-made equipment has developed maintenance bugs, BEA asked that it be allowed to buy $224 million worth of Boeing 727s and 737s, both relatively short-range but highly economical jets. BEA got turned down cold...
Then, approaching Chicago on a clear night, a United Airlines 727 from New York plunged into Lake Michigan, taking with it all 30 passengers and crew. Last week two more 727s crashed on approaches to airports at Cincinnati and Salt Lake City, taking 99 lives...
Three threads connect the three dis asters. Each of the fatal flights originated from La Guardia Airport. All were approaching airports. And all three 727s crashed at night. Neither the Federal Aviation Agency, which alone has the authority to ground airplanes, nor the airlines, which have 195 of them in service, has detected any structural flaws in the 727, the most thoroughly tested airliner in U.S. history. Early analyses of the Cincinnati and Salt Lake crashes indicate possible pilot error; the Chicago disaster is still a mystery (the plane's flight recorder has not yet been recovered from Lake...