Word: transport
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Dates: during 1950-1959
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...rest battle private enterprise on the basis of free competition. While giving this assurance, Fascetti also plans to be a tougher competitor, spend $1.5 billion to expand. I.R.I.'s five steel works, which now produce half of Italian steel, will step up capacity by 60%. In transport, I.R.I, will add 56,000 tons of new shipping to its Italian Lines, and I.R.I. will merge the two airlines it controls to form a major international air carrier...
...tourists. Last week the Duke of Bedford, one of the most businesslike of the stately-home owners, laid on a lunch of home-slaughtered-bison pie at Woburn Abbey for a luxury tour of 51 Americans. Although they have paid more for their food, fuel and transport since the Suez crisis, the tourist-conscious Britons have kept restaurant and hotel prices at the same level as last year while raising the quality of tourist meals. In London, one Mayfair pub owner has installed a charcoal grill for the U.S. trade...
...months after Nasser had been saved (by the U.S. and U.N.) from military defeat, and had restored to him what his armies could not hold, Nasser announced last week that as soon as the U.N. clears the Suez Canal for him, he will insist on holding control over the transport systems, the factory-output levels and the room temperatures of Western Europe...
...nonscheduled airlines* that sprang up after World War II, none was a bigger hit with the traveling public-or more trouble to CAB-than Trans American Airlines. Put together by a former Navy lieutenant commander, an ex-Air Corps transport pilot, and two former Douglas Aircraft employees, the Trans American group of companies started cheap fares, forced scheduled airlines to cut-rate coach fares. Trans American built up a $16 million annual business. All told, it has carried more than 1,250,000 passengers without an accident. But it broke CAB's regulations by shuffling planes about among five...
...General Motors' Allison engine division and Westinghouse. which produced the first U.S.-designed turbojet, both have lost much ground. Though Allison leads the turboprop field and will produce the engines for Lockheed's C-130A Hercules transport and new Electra airliner, it has only a small slice of the big jet market. Finally, Westinghouse has been beset by so many engine bugs that it is pinning most of its hopes on the new, medium-sized J54 jet which it has developed with $12.5 million of its own funds, hopes to sell to the Navy and Air Force...