Word: cabossed
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...answer, said CABoss O'Connell, was simply that U.S. planemakers were "naturally reluctant" to develop a jet transport ; they feared that they would not get enough orders to make up the development cost. "So long as military orders roll in," said O'Connell, "and Washington debates what it is going to do [about paying for jet transport development], there is little reason to believe that any manufacturer will enter into the jet transport field...
...months as CABoss, Jim Landis had been as hard-handed on the big airlines as he was hardheaded to some of his associates. The big airlines had fought him because of his encouragement of small airline operators (many of them ex-Air Force pilots) in their development of air cargo service on unscheduled lines (about 80% of all U.S. air freight is handled by nonscheduled lines). His pressure on the big operators to adopt new safety measures had cost them money. This week, after he was out, came a safety report which might cost them more. Over Chairman Landis...
Divorced. James McCauley Landis, 48, leathery CABoss, onetime Harvard Law dean, onetime SEC chairman; by Stella McGehee Landis, 50; after 21 years, two children; in Salem, Mass. She charged that he had not returned home since he went off to Cairo on a Government economic mission...
...with the newer rates CABoss Landis intends to keep a closer watch on airline financing. Many lines have stubbornly chosen to go into debt to buy new equipment rather than issue stock and thus weaken the holdings of those now in control. From now on, CAB intends to seek more authority over line financing...
Deeply perturbed by this slump, CABoss Landis had other ideas for helping the weak flyers. Although CAB has not liked airline mergers, on the grounds that they cut down competition, Landis now suggested that mergers might be the best way to keep some airlines out of bankruptcy. More cheering was a strong hint that increases in passenger and mail rates might be in the offing. CABoss Landis sternly warned that "management inefficiency" would not be underwritten by subsidies or higher rates. But at week's end he ordered an investigation to see if current rates are "unjust or unreasonable...