Word: frye
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Soon T.W.A. was making money again. But Frye had little more liking for desk work than Hughes did. What they liked were planes. Putting their heads together, they dreamed up the idea for the high-altitude Constellation...
...hours later, Frye announced his resignation from T.W.A. Thus, after many a month of well-chronicled discord, the most famous U.S. airline team finally broke...
...Route, One Plane. The Hughes-Frye team was formed in 1939. Jack Frye, then 35, was already president of T.W.A., the baby he had nursed from one route (Los Angeles to Phoenix) and one plane into a transcontinental giant...
When T.W.A. went into the red in both 1937 and 1938, major stockholders tried to get Frye out. He stayed in only by persuading Hughes to come to his rescue. Well heeled Mr. Hughes, who liked to dabble in movie making and speed flying, laid out $6 million to buy control of T.W.A., gave Frye a free hand to run the line the way he wanted...
...World. With it, ambitious Jack Frye had another dream; he hoped to make T.W.A. the No. 1 round-the-world airline. But erratic, unpredictable Howard Hughes began to balk at the money Frye was spending. Frye tried to persuade Hughes that overseas expansion would pay off in the end, urged him to get new capital for T.W.A. Frye even lined it up (for example, a $100,000,000 credit line at Manhattan's Bankers Trust Co.). But Hughes would have none of it. He was not entirely sold on round-the-world expansion and he was leary of losing...