Word: caa
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...Senate Commerce Committee, CAB Chairman James M. Landis had a ready answer-lack of money. He could point out that CAA's request last year for $90,000,000 to improve air safety had been cut by the Budget Bureau to $68,000,000, by Congress to $64,000,000. This year's request had already been pared by the President's budgeteers from $113,980,000 to $92,271,000. Recently CAA had to close down 55 air communications stations and three airport control towers for lack of funds. "For the past seven years," said CAA...
...knows what happened next, or why. Haskew never called the tower. The CAA noticed later that the signal from the Winston-Salem radio range was weak and erratic. At 1:43 a.m. the plane smashed into the 2,200-ft. Blue Ridge foothills near Galax, Va., northwest of Winston-Salem and more than 50 miles from the field...
...CAA raised the hackles of big-city mayors two months ago by proposing to bear half the cost of all airport projects up to $2,000,000. For bigger projects, CAA would scale down its help below the 50%. CAA thought that what the U.S. needed was more smaller airports to boost private flying. But big-city mayors, led by Chicago's Ed Kelly, argued with a great deal of truth that what the country needed was bigger & better airline terminals to relieve dangerous congestion at existing airports...
...final regulations, announced last week, CAA gave way a little. It agreed to pay half the cost of projects up to $5,000,000. The Federal share will then decrease 5% for each additional $1,000,000, down to a minimum contribution of 20%. Despite this change, $36,000,000 of the $45,000,000 which CAA has to spend this fiscal year will be spent on 800 small airports. Reason: CAA's proposed expenditures on larger projects must be submitted to Congress two months before the beginning of the fiscal year-and the Federal Airport Act was passed...
...reasons why T.W.A. needed the cash were dismally plain. In the third quarter, T.W.A. reported last week, it had lost $3,235,491, bringing the net loss for the first nine months to $4,846,450. The third quarter losses, said President Jack Frye, were caused by CAA's grounding of Constellations. And the pilots' strike was likely to make the fourth quarter the worst of the year...