Word: cessna
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...vast concrete hangar at Wichita's Municipal Airport last week gathered city officials, businessmen and workers to pay homage to "the Henry Ford of the light aircraft industry." His name: Dwane L. (for Leon) Wallace, 47, president of Wichita's Cessna Aircraft Co. A skillful management pilot with a frame (6 ft. 2½ in., 160 Ibs.) as spare as a wing spar and a face as weatherbeaten as a crop-duster's, Dwane Wallace was celebrating his 25th year with Cessna. There was a great deal to celebrate...
This year, for the first time, Cessna is forging ahead of rival Beech Aircraft ("across the street" in Wichita) as the No. 1 maker of private planes. Cessna announced first-half earnings for fiscal 1959 of $3.92 a share v. $2.45 last year, declared a 25% hike in its quarterly cash dividend to 50?. The company's conservative projection of the year's earnings: $7 a share...
...Cessna's performance is proof that the private-aircraft industry, which sprouted like a teen-ager after 1951 (TIME, Feb. 17, 1958), has finally matured. Last year, despite the recession, U.S. private-plane manufacturers delivered 6,416 planes, up 300 over 1957, raked in $101.5 million v. $99.7 million in 1957. In January, the latest month reported, they sold 100 more planes and grossed $2,500,000 more than in January 1958. The recession proved that for the businessman, the private plane is not a luxury but a necessity. U.S. businessmen have taken to the air in such numbers...
...candidate knew it. Local politicos knew it. The retinue of reporters knew it. Without formal declaration, Massachusetts Senator John Fitzgerald Kennedy launched his all-out campaign for the 1960 Democratic presidential nomination, as he crossed Wisconsin in a three-Cessna airplane expedition, getting lined up for the critical Wisconsin primary next April...
Over Düsseldorf last week, a dark, beetle-browed young man leaned from the window of a low-flying Cessna and shoveled out handbills by the thousand. "Everything moves. Nothing stands still," they proclaimed. "Stop building cathedrals and pyramids which crumble like lumps of sugar! Stop resisting changeability! Be free! Live!" In the streets below, one man picked up a copy, read it, then shook his fist at the plane. Artist Jean Tinguely, 33, was delighted. "Some will say, 'very good.' Others will object. The overall result will be just what I wanted: total confusion...