Word: jetstar
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Dates: during 1960-1969
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...first of the corporate jets - Lockheed's $1,450,000 JetStar - has experienced such a sudden sales lift that used JetStars now sell for $150,000 more than new ones because of a 15-month waiting period for delivery; after long-suffering patience, National Steel fort night ago received the 29th JetStar sold by Lockheed to corporate customers. North American Aviation, whose $795,000 Sabreliner followed the JetStar into the market, has sold 25 of the twin-jet planes in the past twelve months. The jet that has attracted the most orders-60 so far-will not even start...
...Teheran, a salesman from Lockheed Aircraft Corp. is hoping to get the signature of the Shah of Iran on a contract to buy a JetStar corporate jetliner. Indonesia's President Sukarno already owns one. So does Millionaire Harold S. Vanderbilt of Palm Beach and New York. But executive jets are running into stiff sales resistance from the very group for which they were intended: corporate executives. The difficulty is not salesmanship (a demonstration ride can be arranged at the drop of a hat) or a lack of a choice. Eleven planemakers, including four in the U.S., have corporate jets...
Still chasing records after 30 years of flying, blonde Aviatrix Jacqueline Cochran, 56, zippered into a blue flying suit and zipped out of New Orleans at the controls of a four-jet Lockheed Jetstar named Scarlett O'Hara. In Hanover, West Germany, 5,120 miles later (average speed: 489 m.p.h.), Cosmetics Queen Cochran, a onetime beauty-parlor odd-jobs girl who now owns Jacqueline Cochran, Inc., slipped into a suitably stylish Easter outfit, then stepped out to claim no fewer than 49 new flight records. (She already holds the ladies' speed mark: 842.6 m.p.h. in an Air Force...
...years Lockheed Aircraft Corp. had known nothing but trouble. Its ill-starred Electra turboprop airliner tarnished the company's name and lost it millions. Its eight-seat JetStar executive plane landed on the market with a thud, and in 1960 Lockheed rode into the red by $43 million. Then last September cancer killed Chairman Robert Ellsworth Gross, 64. who had gambled $40,000 to take over the failing company in 1932. and subsequently gave it not only a place in the sun but also a Constellation. Left to mop up the problems was his shy and schoolmasterly brother. Courtlandt...
...Chairman Court Gross won his wings. He reported that Lockheed snapped back in 1961 to ring up record profits of $26 million on record sales of $1,440,000,000. Courage had a lot to do with the comeback. Lockheed bravely wrote off nearly $114 million in Electra and JetStar losses in a single year; that clobbered the company in 1960 but put it on solid financial footing thereafter...