Word: hugheses
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Dates: during 1960-1969
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Despite those setbacks, the elusive industrialist is likely to make additional moves into Western aviation. He is eager to buy Los Angeles Airways, a helicopter carrier, and has an eye on the San Francisco & Oakland Helicopter Airlines. He would also like to manufacture corporate jets and look into applications and...
Bitter Brawl. Enter Hughes. His of fer last August of $22 a share, or about $94 million, set off a turbulent board room brawl. Air West Chairman Nick Bez, 73, former head of West Coast and a generous contributor to the Democratic Party in Washington State, spoke for Hughes. Lined...
The anti-Hughes forces were relieved when Mallory Randall Corp., a Brooklyn-based manufacturer of plastic containers, stepped forward with an alternative bid, offering to swap shares worth some $109 million. Then, only seven days before the Hughes offer ran out on Dec. 31, Northwest Airlines made an attractive stock...
Nonetheless, Air West's stockholders two weeks ago voted 52% in favor of Hughes. Then, in a surprising move, Air West's directors voted 13 to 11 not to sanction the sale. With that, some big pro-Hughes shareholders threatened court action. Hughes' agent, Francis Fox, who...
Next Moves. Unless the Civil Aeronautics Board turns thumbs down or President-elect Nixon vetoes the deal, which he can do because flights to foreign countries are involved, Hughes will get back into a business for which he has long had an appetite. A pilot himself, he set speed and...