Word: 747s
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National Airlines has been looking for someone to buy its two 747s "since the day they were delivered," says one executive of the company. Braniff ordered two jumbos but, with help from Boeing, arranged to sell one of them to Universal Airlines, a charter carrier, before the plane ever left the factory. TWA officers are willing to part with one or two of their 19 jumbos if they can find a buyer. Pan Am chiefs would welcome an offer to buy or lease one of their 747s...
Several airlines are simply trying to avoid using their jumbos in order to save money. United has postponed delivery of four 747s from mid-1971 to early 1973. Pan Am is keeping two jumbos in mothballs in Wichita, Kan., and is leasing three more to Eastern Air Lines. World Airways canceled its order for three 747s many months...
...Hope buys back American POWs from North Vietnam in exchange for two Boeing 747s (with coach lounge and piano bar), 500 crates of Gatorade and Dick Hyland. On opposite page, HOPE, JILL ST. JOHN, HENRY KISSINGER, DANIEL ELLSBERG and JULIE NIXON EISENHOWER board plane on way to entertain U.S. troops in Dacca...
Carlson also has taken a lead in cost cutting, largely by reducing his orders for superjets. He trimmed United's orders for DC-10 jets from 30 to 22, and postponed delivery of some 747s. Savings: $160 million. "I'd rather be a lit tle behind in the equipment race than too soon," he says. He also pared payrolls 10%, eliminating 6,000 employees through attrition or layoff...
...Halaby is in a race against time. As the economy gains speed, air travel is certain to pick up. Last week Pan Am officials announced a 1.5% rise over 1970 in passenger revenue miles for the month of September. This year depreciation write-offs on Pan Am's 747s and an $80 million sale-and-lease-back arrangement with the Port of New York Authority on a maintenance facility at New York's Kennedy Airport will probably hold losses down close to last year's level. Halaby has also pledged to improve marketing and service...