Word: aire
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Dates: during 1950-1959
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...production before normal deliveries are resumed. Says Robert V. Tishman, executive vice president of Tishman Realty & Construction Co.: "With very few exceptions, all construction jobs in the initial stages, where steel is a big factor, have been stopped." The strike slowed construction of vital defense projects, such as the Air Force's new Intercontinental Ballistic Missile launching base at Denver's Lowry Air Force Base, threatened Atlas ICBM deliveries. Military projects need steel so badly that the Commerce Department has notified steelmakers that top priority must be given to missiles, missile-launching sites and nuclear submarines...
RADAR FIGHT is brewing between Federal Aviation Agency and Air Transport Association. FAA wants weather radar on all four-engined passenger planes, but airlines, which have ordered radar on nearly all new planes, argue that it would be too expensive (up to $80,000 per plane) to equip old craft...
...many jet-age problems facing the world airline industry, the most pressing is how to find enough passengers to fill all the expensive new planes that will soon be flying. At the 15th annual meeting of the International Air Transport Association in Tokyo last week, Director General Sir William P. Hildred posed the problem, and provided an obvious answer: "We shall have to feed progressively larger gobbets of traffic to these monsters or they will eat us up, capital...
...markets are inexhaustible so long as we keep the fares down, down, down." Yet after three weeks of bitter wrangling at a Honolulu traffic conference, the 90 airlines from 50 nations who belong to IATA could not agree on any general scheme of fare reductions on world air routes. The international rate-setting conference broke up in failure, and the stage was set for a rate war when the current air-fare agreement runs...
...airlines cannot count on an automatic increase in air travel to fill the new seats. While IATA international air travel has been increasing at a rate of about 15% a year, that is not enough to fill the new jet capacity. The obvious solution is to cut fares to bring air travel within reach of a wider market. The idea has already been tried on the North Atlantic; last year for the first time IATA allowed "economy" fares 20% below tourist rates, and the lines reported a passenger increase of 26.8% for the year...