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...phenomenal growth in general aviation in the U.S. has continued unabated for a decade. The category embraces everything from a $5,000 secondhand Piper Cub used for weekend joyrides to a $6.5 million, 18-seat Grumman Gulfstream executive jet crammed with the latest airborne electronics. In between are the twins, turboprops and smaller jets operated by some 2,200 air-taxi operators and 200 commuter airlines. This year alone, companies such as Cessna, Beech and Piper will deliver 18,000 aircraft worth $1.8 billion to customers around the country...

Author: /time Magazine | Title: Nation: What's Up In Our Crowded Skies | 10/9/1978 | See Source »

...Airways Inc.; it does a brisk business (1977 revenues: $59 million) operating terminals for private planes at nine busy locations, including Washington's National and Dulles airports. But what made Page special and Wilmot very rich was the firm's role as the worldwide sales agent for Grumman Corp.'s twin-jet Gulfstream II, at up to $7 million a model, the Cadillac of corporate aircraft...

Author: /time Magazine | Title: Business: Rocky Times for a Highflyer | 8/21/1978 | See Source »

Under an arrangement with Grumman made in 1970, Page was paid a $30,000 commission for every plane sold, even if Grumman itself did the selling. Now Page has lost this deal, and a scandal has plunged Wilmot's businesses into legal troubles, including grand jury investigations, in Washington and Rochester and charges by the Securities and Exchange Commission of illegal payoffs...

Author: /time Magazine | Title: Business: Rocky Times for a Highflyer | 8/21/1978 | See Source »

Although it could be many months before the SEC's charges come to trial, Wilmot's days as a highflyer in international aviation seem over. Last month Grumman sold its Gulfstream-manufacturing subsidiary to American Jet Industries, of Van Nuys, Calif. Its president, Allen Paulson, says flatly that Page will not be asked to help sell any more Gulfstreams...

Author: /time Magazine | Title: Business: Rocky Times for a Highflyer | 8/21/1978 | See Source »

Investing a billion is a tiresome chore, even for a high-living heir who has spent fortunes on blondes (he has married and divorced two of them), villas, Alpine ski resorts and hunting retreats. He also owns a 124-ft. yacht and a Grumman Gulfstream jet, which whisk him to his favorite playgrounds at the Lyford Cay Club in the Bahamas, the ski slopes at Snowbird, Utah, and the big-game preserves of Kenya and Alaska...

Author: /time Magazine | Title: Business: It's Hard to Spend a Billion | 6/5/1978 | See Source »

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