Word: amphibians
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Dates: during 1940-1949
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While other planemakers raced to produce cheaper planes for a wider market, soft-spoken Leroy Grumman galloped off in the other direction. This week his Grumman Aircraft Engineering Corp. announced its postwar commercial model, the Mallard, an eight-to-ten-passenger amphibian with lush-plush custom-tailored interior. Price: $100,000 & up (depending on the interior arrangement selected...
...Champion Swimmer Esther Williams, prettiest amphibian of them all, sliding and slithering through water lilies...
...makers have been content to leave the small plane market alone, so far. But not Republic Aviation Corp. It already has a foot in the door, and as soon as it winds up production of its Thunderbolt, it plans to set up an assembly line for its four-place amphibian, the Seabee. Republic said that it already has orders for 3,500 on hand, hopes to turn out 5,000 in the next year...
Carriage Trade. But Grumman could not live on Navy orders alone. He began to build de luxe amphibians for sportsmen and corporations to hustle bigwigs around the country.* By 1937, Grumman Aircraft Engineering Corp. had so much business on the books it almost went broke. The company had run out of working capital, and owed the banks $450,000 (mainly because it had lost $100,000 on an amphibian-plane contract). To raise cash, Grumman got ready to float his first public stock issue. Then the market crashed. Wall Street's famed Bernard E. ("Sell 'em Ben") Smith...
...Among famed amphibian owners were : Lord Beaverbrook, who had two ; the Chicago Tribune's Colonel Robert McCormick, who brought his plane in for repair, smashed it so badly on landing he had to buy a new one; Motorboat Racer Gar Wood...