Word: boothman
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Dates: during 1950-1959
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Died. Air Chief Marshal (ret.) Sir John Nelson Boothman, 56, winner of the last Schneider Trophy air race (in 1931) by flying at 340.08 m.p.h. (then a record speed) in a Supermarine 56B, director during World War II of photo-reconnaissance for the RAF Coastal Command; in Stanmore, England...
...rent each plane for eight years, and pay off the full purchase price in rental installments. The lessee will also pay interest on the loans and a fee (usually ¼% to 2%, although some go as high as 6%) to the leasing company. Says National Equipment President R. L. Boothman: "We engineer the lease, we own the property, and we depreciate the property. Leasing is not cheaper than ownership-but it can be far more profitable...
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