Word: americans
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Dates: during 1950-1959
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...week a young (31), gangling (6 ft. ½ in.), onetime hedgehopper named Frederick Ayer showed how the trick can be done-with a tidy profit for himself. From his 24-room office suite in Manhattan, Fred Ayer announced the purchase of 45 Douglas DC-6s (value $30 million) from American Airlines, plus first refusal rights on the $23 million worth of DC-6s left in American's fleet...
...sale puts American Airlines a big jump ahead of its competitors in disposing of its piston fleet (now more than half sold); it also makes Fred Ayer, president and sole owner of his firm, easily the world's biggest aircraft dealer, puts him in a commanding position to cash in on the used-plane market. Since September, he has bought 80 big planes (47 DC-6s, 33 Convairs) from jet-converting U.S. airlines. He has sold or leased ten of the eleven Convairs that have already been delivered, has buyers from small airlines or corporations for 40 more planes...
...broker to satisfy other flyers' needs for planes, soon switched to being a dealer (adding five years to his age to impress customers). He got his first big chance after World War II when the Air Force decided to bypass preliminary trainers and begin fledgling flyers in North American AT-6s (advanced trainers). When other countries followed the U.S., a shortage developed, since North American had stopped making the planes. Ayer scoured the world for the ATs (he found 15 on an abandoned British airstrip in Southern Rhodesia), sold 252. plus another 380 small planes. Last year he broke...
...Ugly American, Lederer and Burdick...
...bold experiment in the American theatre ended Saturday as Repertory Boston bowed to the lack of patronage that has plagued the group since it began two months...