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Under the rules only hardtop sedans and coupes with engines no bigger than 3,500 cc. could enter, and all V-8s were excluded. Lined up at the start in ten classes were cars from the U.S., Britain, France. Germany and Sweden. The entries that held all eyes were the new Chevrolet Corvairs and Ford Falcons, both competing in the same class (2,001 to 2,500 cc.) and each with top drivers and pit crews. Chevy made it a major effort, with five cars and a 25-man pit crew sponsored by the Denver Chevrolet Dealers Association...
United expects to have 16 DC-8s in service by the year's end, 40 by June 1961, plus 18 medium-haul Boeing 720s. By next June "Pat" Patterson is confident that United's jet service will catch up to the competition...
...price. The line's 550 A.F.L-C.I.O. flight engineers, who went back to work after a 38-day strike, won a smashing victory. The company rescinded its earlier order that engineers must be pilot-trained to serve in jets, agreed instead to place a third pilot in its DC-8s, which will go into service next year. The line boosted the engineers' average annual pay by $1,200 to a top of $13,260, consented to an "agency shop" clause under which all engineers must pay union dues...
Financing for Jets. Last week Nyrop firmed up the financing for Northwest's $67 million jet fleet of ten Lockheed Electras, which go into service this year, and five Douglas DC-8s, due to arrive in 1960. Northwest has pinned down $84 million from 15 banks, twelve insurance companies and the sale of 457,873 shares of preferred stock (its common stock rose from a '58 low of 10⅛ to 27⅛ last week). The line will get more than $10 million by trading in its nine double-deck Boeing Stratocruisers to Lockheed and five...
...orders for three Douglas DC-8 pure jets, another 23 turboprop Lockheed Electras. But its place on the production line is so far back that it will not get the first 400-m.p.h. Electras until six months after competitor Eastern puts the same plane into service; the DC-8s will not arrive until 1960, about the same time as Eastern...