Word: charterers
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Dates: during 1960-1969
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Rockefeller will ask the New York legislature to purchase the Long Island from the Pennsylvania Railroad-which is willing to negotiate a deal-and to set up an authority that would run the railroad and raise $200 million to modernize it. The Long Island operates under a special charter that since 1954 has excused it from both local taxes and interest payments on debt owed to the Pennsylvania (total savings: $80 million); even so, it lost $2,000,000 last year. In reluctantly concluding that the state should bail out the line, Rockefeller sided with most railroad presidents. Says...
...Harvard Student Agencies' Board of Directors has recognized--somewhat belatedly--that the Harvard community deserves answers to the questions raised about its charter-flight operations. A three-man committee of the Board will prepare a report discussing charges that the HSA has violated international charter regulations and that its fares for European flights are excessive. But the report will be satisfactory only if it is frank and detailed, and advance indications are hardly optimistic...
...point the HSA's case is arguable. The withdrawal of the British Overseas Airways Corporation from the charter market undoubtedly caused the Charter Flights Agency a great deal of hardship. The HSA has always obtained its planes from University Travel Service, and UTS has always dealt exclusively with BOAC. This year, bargaining with reluctant and unfamiliar companies, the UTS probably incurred higher prices...
Although any estimate of the amount that the HSA charges for administrative expenses must be guesswork, the most informed guesses put the figure at a level far above what IATA considers acceptable. Where does the money go? If the HSA is using charter flight receipts to subsidized unprofitable agencies, it is not only violating another IATA rule, but it is abusing the monopoly position that Harvard has given...
After reviewing the report, Watson, said he was "entirely satisfied" with the charter flights operation and that the agency's records would be kept secret...