Word: mantz
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Dates: during 1940-1949
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...runways and revetments of the Stillwater, Okla. airfield were crowded with 475 surplus bombers and fighters which once cost the U.S. $117,000,000. In Oklahoma City this week, chunky, cigar-smoking Paul Mantz of Los Angeles bought this mighty air armada, which included 228 Liberators and 78 Flying Fortresses. The price...
...veteran stunt flyer, Paul Mantz is no novice at making money on war-weary aircraft. His United Air Services, Ltd. already owns 22 flyable World War I planes, rents them to movie companies. He also runs a charter service out of Los Angeles from which he has taken in some $2,000,000 since...
...Mantz will save about 75 of his planes to rent to movie companies at $100 to $300 a day, scrap the rest. He estimates that the aluminum alone will bring in $160,000; manufacturers of novelty jewelry will buy the plexiglass for 10? a pound, etc. Mantz hopes to make $1,350,000 on his junk deal. But the Reconstruction Finance Corp. thought that he was a bit optimistic. Its estimate of the scrap value of Mantz's planes...