Word: frye
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Last week Jack Frye, worried about his growing waistline, announced a deal that will fatten his airline: the purchase for $350,000 of Marquette Airlines which (when Civil Aeronautics Authority approves) will give TWA a closely knit 565-mile feeder system in the heart of rich midwest traffic territory...
Unlike topflight executives of other major U. S. airlines, 35-year-old Jack Frye of Transcontinental & Western Air and his 43-year-old executive vice president Paul Ernest Richter, are tough, practical airlines pilots. Burly Jack Frye bats up & down the line through all kinds of weather in his Northrop Gamma, usually testing new equipment as he flies. Wiry Paul Richter regularly gets into a captain's grey uniform and shoves a passenger-laden DC-3 over a scheduled...
About the technical operation of well-run TWA, Frye and Richter today have few worries as they fly the line from San Francisco to Newark. But they never look at the instrument board on a line run without seeing on the compass card a sharp reminder of a TWA deficiency: all its routes run east and west. For TWA is, more strictly than its two coast-to-coast competitors (United and American), a transcontinental line, a long thin line with no feeders to bring in side traffic...
...Louis it ran to Cincinnati, crossed TWA again at Dayton, and continued north to Toledo and Detroit. But until CAA gave it a certificate of convenience and necessity it was not an airline entity, had no sales value. Loudest to shout against a certificate for Marquette was naturally Jack Frye's TWA which wanted no newcomer in the field it hoped eventually to develop. When it was granted TWA lost no time in demanding a rehearing from...
Last week Jack Frye and Paul Richter said they had big plans for expansion. But Wall Street and the world of aviation was more interested in how two up-from-the-ranks pilots financed the purchase of the 70,000 shares Lehman Bros, sold them. Jack Frye refused to tell. Rumors dwelt on Millionaire Howard Hughes and Cinema Agent Leland Hayward, who last month became a T. W. A. director...