Word: sud
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Dates: during 1960-1969
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...decades a symbol of U.S. world supremacy in commercial aviation, made a low bow to foreign competition last week, and by so doing put itself in position to pick up a pretty penny. In Manhattan, President Donald Douglas Jr. announced that it was joining with France's Sud-Aviation to sell Sud's up-to-80-passenger, 500 m.p.h., twin-jet Caravelle airliner in world markets. Douglas got exclusive sales rights in the U.S. and Latin America, plus parts of Asia and Africa. At first, all planes will be built in France, but when Douglas orders...
Douglas production may not be long acoming. Hardly was the news on the tickers when the Caravelle made its first big U.S. breakthrough. In Denver, United Airlines announced a $60 million order to Sud for 20 Caravelles (with an option for 20 more), the first time that United has bought anything but U.S. planes. Another Caravelle has been sold in the U.S. to Jet-Engine Builder General Electric Co., which will use the plane as a flying showroom for its new CJ-805-23 aft-fan engine, which delivers more thrust for lower fuel consumption than standard jet engines...
...building the right plane at the right time for the right price. While U.S. planemakers sewed up the market for big, long-range jets (441 orders worth $2.2 billion), no one was producing a smaller jet for routes of less than 1,000 miles. Starting in 1951, Sud got to work on a transport that could operate economically between cities only null apart. Price: between $2,500,000 and $3,000,000-about half the cost of a DC-8 or Boeing 707. The first flights of the new plane with engines placed near the tail were so successful that...
...gets credit for the Caravelle, and for turning Sud-Aviation into France's biggest planemaker (22,000 employees), is Georges Hereil, 50, a bluff, breezy businessman who operates his nationalized company with a free-enterprising flair. "Private or public company," says Hereil, "I've got the same philosophy -to make money for our shareholders." When Hereil took over in 1946, he knew little about planes beyond how to fasten the seat belt. He had started out as a liquidator of ailing companies, by World War II had dealt with 800 sick businesses ranging from a concert hall...
FRENCH JETLINER ORDERS are being considered by United Air Lines for the mediumrange, twin-engine Caravelle. United has conducted preliminary negotiations with Caravelle builder, France's Sud Aviation...