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...subsidy in 1958, a payment of some $200,000 for Latin American operations. Predicting a $374 million fuel bill for 1974 ($204 million over the 1973 total), Chief Executive William Sea well last week asked the CAB for a $194 million annual subsidy. Seawell, who last year piloted his fleet into the profit column for the first time in five years, told the CAB: "We were overwhelmed in our efforts to stay in the black." TWA, which unlike Pan Am has a far-flung network of domestic routes to supplement its international operations, has been off subsidy for 20 years...

Author: /time Magazine | Title: AIRLINES: Back to Subsidies? | 4/15/1974 | See Source »

Another large New York taxi fleet, Scull's Angels, is intent on decorating the passengers' interiors. The company will soon present patrons between 7 a.m. and 9 a.m. with a free box containing orange juice, dry cereal, milk, a Styrofoam bowl and a plastic spoon, all of which could add to backseat squalor. Though Scull's fleet is owned by famed Art Collector Robert Scull, there are no plans to mellow the yellows' interiors...

Author: /time Magazine | Title: Modern Living: Drab Cab Goes Fab | 4/8/1974 | See Source »

Barrer said, "The B-1 is of questionable military value, even among the military." His committee says the present B-52 fleet can remain operational for 20 years, and that bombers are obsolete in an age of nuclear missiles...

Author: NO WRITER ATTRIBUTED | Title: Nationwide Group Opposes Funding For B-1 Bomber | 3/29/1974 | See Source »

Uneven distribution of the energy bonanza is not Amtrak's only problem. As traffic rises, so do wear and tear on the 1,400 cars of Amtrak's fleet, some of them superannuated hulks in need of replacement. Amtrak executives are still choosing a design for new cars; most will not be in service before 1976. Until then, passengers on many runs face equipment breakdowns and a decline in comfort. Punctuality is also on the wane; the Metroliner's on-time percentage dropped to 63% last year from 76% in 1972, and some trains-including...

Author: /time Magazine | Title: IMPACT: Amtrak's Mixed Blessings | 3/18/1974 | See Source »

Those are but a sample of the disasters that have struck a fleet of 17 boats competing in the year's most grueling sporting event-the first round-the-world sailing race. Since they tacked out from Portsmouth, England, last September, the competitors have rounded the Cape of Good Hope, crossed the storm-tossed Indian Ocean to Australia, and completed the dreary, dangerous, downhill passage round Cape Horn to reach Rio de Janeiro. This week they will weigh anchor to begin the final leg to Portsmouth, where the winner* will collect no cash-just a modest silver trophy, some...

Author: /time Magazine | Title: Sport: Racing Magellans | 3/11/1974 | See Source »

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