Word: cessnas
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Dates: during 1950-1959
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RENT-A-PLANE service will be started this fall by Hertz Corp., which expects to have 50 rental air stations doing $2,500,000 business in its first year. At airports throughout U.S., car-rental company will franchise Cessna Aircraft Co. distributors to rent planes to private pilots. Rental for fly-it-yourself four-passenger Cessna plane: $1 an hour plus 15? a mile...
...personal planes. Enginemaker Lycoming, with half a dozen small piston engines already in production, is busy developing a light turboprop engine for greater speed and altitude. Continental has moved into baby jets, looks forward to a big market for its 920-lb.-thrust jet as the power plant for Cessna's T-37 Air Force jet trainer and will be ready when the potentially big civilian-small-jet market opens...
...EXECUTIVE PLANE, first U.S. four-engined transport designed specifically for business flying, will be produced by Cessna Aircraft. Now being test-flown, Cessna's new Model 620 will seat up to nine passengers in fully pressurized cabin, will have 260 m.p.h. cruising speed, and range of 1,700 miles. Price tag, for 1958 delivery...
...companies sacrificed profit gains to plow back huge amounts into research and development. Douglas Aircraft, which increased first-half sales by $17.2 million, saw its net drop from last year's by $860,000. Reason: huge research costs for the Douglas DC-8 jet transport. Better off was Cessna Aircraft. Its big spurt in private aircraft sales returned net earnings of $3.83 per share for the nine months ending June 30, up 50% from a year...
Lear had done nothing that any other private U.S. citizen could not do, since the U.S. no longer requires specific State Department permission to visit Russia. As for Lear's Cessna, it carried nothing on the secret list. Though Lear's equipment was indeed banned from direct sale to Russia or its satellites, it can be bought in the U.S. and in many European countries...