Word: fleetly
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Dates: during 1950-1959
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...many airmen fear that they may not be able to complete payment on the jets. The trunk lines' profits are so shaky that they have been able to find firm financing for only 25% to 33% of their total $2.6 billion in jet fleet orders...
...outcome of the long-range General Passenger Fare Investigation, which it is now conducting independent of the 6% request. Whatever happens, most airlines consider a 6% boost only an emergency lift. For the long haul they argue that at least a 10% increase is necessary to preserve the air fleet which the nation's security and economic well-being demands. The alternatives, say the airmen, are two: either the weakest airlines will fold and the middling ones merge, concentrating the air-transport industry, like Detroit's automakers, into a few giant companies, or U.S. airlines will be forced...
SHIPPING TROUBLES are fast knocking U.S. out of its postwar role as world's No. 1 oil tanker operator. To avoid high costs at home, American shipowners register so many new vessels under foreign flags that U.S.-flag fleet now totals only 19% of free world tanker tonnage v. 60% in 1945. U.S. will fall to fourth spot (behind Britain, Norway, Liberia) by 1961 unless trend is reversed...
...main problem is an almost complete dependence on a fleet of 188 low-capacity Douglas DC-35, the 21-year-old aerial workhorses that no longer pay their way no matter how efficiently they are operated. San Francisco's cos-t-conscious Southwest Airways has cut ground stops to only 120 seconds, but maintenance and operating costs keep going up. "A spare part that used to cost maybe 80^," explains one airline man, "runs about $5 now, and has to be specially made." Even if the feeders, which operate with an average load factor of 45%, could boost their...
Surveying his family (wife and three college-minded daughters) and his service pay ($10,825 a year, including allowances), Navy Captain Chester W. Nimitz Jr., son of World War II's Pacific Fleet commander, made a hard decision: he will resign from the Navy (with the rank but not the pay of rear admiral*), take a higher-paying job with Texas Instruments Inc., an electronics firm. His seadog father, he said, did not want him to resign, but "understands the situation." Some 88 other Navy captains understand the situation and have applied for retirement this year, including famed...