Word: piper
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Dates: during 1950-1959
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...Piper Comanche, the company's first low-wing, single-engined plane designed to challenge Cessna's virtual monopoly in the medium-priced field. Cruising speed: 160 m.p.h. over a 920-mile range with four passengers. Price...
...Leaders. The Big Three of the private-plane industry are Cessna Aircraft Co., whose President Dwane Wallace is called the "Henry Ford of the light-plane business"; Beech Aircraft Corp., whose President Olive Ann Beech is the only woman to boss a big plane maker, and Piper Aircraft Corp., whose President William T. Piper is the dean of the industry...
...private-plane builder, with commercial sales of 2,489 planes worth $33 million (total sales: $70 million). First-quarter fiscal 1958 sales: a peacetime-record $20.7 million for Cessna, a near-record $20.8 million for Beech. Just below Beech and Cessna stands the third member of the Big Three: Piper Aircraft of Lock Haven, Pa., which concentrates on low-priced planes and whose ubiquitous Cub is known the world over. Piper's sales: a record $26.6 million in 1957, but down slightly in igsS's first quarter...
...other end of the price range stands Piper, now run largely by the three sons of President Bill Piper. A successful oilman who made his stake in the early Pennsylvania fields, Bill Piper Sr. started business in 1929 and, like his colleagues, often wished, as he almost went broke, that "I'd never gotten into this aviation business." Yet today, with three modern versions of its Cub plus its $34,990 twin-engined Apache, Piper is solidly in the black and ready to expand...
Cessna 150, an all-metal two-seater designed as the company's first real move into the lowest-price brackets to compete with Piper's fabric-covered Super Cub for the pleasure-flying market. Cruising speed: 115 m.p.h. Price: around $7,000, some $2,000 less than the cheapest four-place Cessna...