Word: egtvedt
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Dates: during 1950-1959
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...Vought, Sikorsky Aviation, Northrup, and five smaller companies. Two years after that, United Air Lines was formed to tie together the combine's booming air-transport business. Phil Johnson moved to Chicago to head United Air Lines, soon turned over the reins of the Boeing division to Designer Egtvedt. Other young men hurried to Seattle as Boeing's name spread-Edward Wells arrived at the age of 21, destined to design whole families of Boeing planes; hustling, roly-poly Wellwood Beall, 28, engineer, pilot and crack salesman who first taught engineering at the School of Aeronautics, then went...
Five years later, Boeing's team of Egtvedt, Beall and Wells flew its famed 74-passenger 314 flying boat (the "Clipper"), designed for the first regular transatlantic runs. Then they built another four-engined airliner, the "Stratoliner," the first transport with a pressurized cabin for high-altitude travel. Boeing built 22 Stratoliners and 314s. But the planes, expensive to operate, and complicated challenges to airline maintenance crews, did not sell in quantity. Boeing lost a total of $4,500,000 on its twin giants and found itself in financial trouble...