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...President Coburn had tied the sprawling transport line of the corporation into the closely knit system which is now American Airways Inc. He abandoned some unprofitable lines and added new routes until it was possible to fly from Montreal to Los Angeles via American Airways. Before he took office Avco had more than 80 subsidiaries (including schools, charter services, factories, sales companies). Before he left there were less than 20. His economies reduced a net operating loss of $2,464,000 for the first nine months of 1930, to $628,000 for the same period last year...

Author: /time Magazine | Title: Aeronautics: Cohu for Coburn | 3/28/1932 | See Source »

Hardworking, conscientious President Coburn had his critics in the directorate. Some said he erred in his manufacturing policy. When, last year, youthful Sherman Mills Fairchild retrieved his Kreider-Reisner Aircraft Co. Inc. and aerial camera companies from Avco, the corporation retained the Fairchild airplane factory at Farmingdale, L. I. and proceeded to build a new single-engine mail-&-passenger plane called the Pilgrim. This manufacturing operation, said Mr. Coburn's critics, was extravagant. The plane, they said, is already obsolete. Others found fault with the president's insistence on burdening himself with detailed responsibility (by which he threatened...

Author: /time Magazine | Title: Aeronautics: Cohu for Coburn | 3/28/1932 | See Source »

...Avco's working personnel, who had developed a deep affection for their president, his departure was a shock. He had just returned from Arizona with a victory over Errett Lobban Cord's Century Pacific Air Lines Ltd. Arizona's Corporation Commission had refused Century a certificate of convenience & necessity to carry intrastate passengers on a route paralleling American Airways. Three days after his return President Coburn summoned all office employes into the maple-paneled board room, gripped the back of a chair, bade them goodby. Said he at the end, "I've had such a good...

Author: /time Magazine | Title: Aeronautics: Cohu for Coburn | 3/28/1932 | See Source »

...investment broker, President-elect Cohu learned aviation from the inside after his firm organized the investment trust called Air Investors Inc. (a substantial stockholder in Aviation Corp.). When the management of that firm became involved, Broker Cohu was made president. Year ago he was elected a director of Avco, became known as "a sort of Col. House of the directorate." He held no other office but was always being called into important committee meetings...

Author: /time Magazine | Title: Aeronautics: Cohu for Coburn | 3/28/1932 | See Source »

...Cohu's next official duty was a sad one. He had to investigate the crash of an American Airways plane with five passengers aboard at Calimesa, Calif., near San Bernardino. Pilot, co-pilot and passengers were killed. Among the passengers was a humble 21-year-old Avco employe, Albert Coburn, outgoing President Coburn...

Author: /time Magazine | Title: Aeronautics: Cohu for Coburn | 3/28/1932 | See Source »

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