Word: transport
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Dates: during 1960-1969
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Watson ordered the HSA report after receiving a letter from a group of undergraduates who charged that the charter-flights agency had violated regulations of the Civil Aeronautics Board and the International Air Transport Association...
...three major lines, but dashes the hopes of applicants for subsidized routes in 39 other cities. "Kangaroo-court action," cried Clarence M. Belinn, president of Los Angeles Airways; he and other helicopter men still hope for a reprieve from Congress. Said Stuart G. Tipton, president of the Air Transport Association: "If given the proper climate of encouragement, the helicopter airlines could well expand into one of the nation's important industries, employing tens of thousands of people and requiring hundreds of millions of dollars worth of equipment and facilities...
Mass Raids. At week's end Nasser's response was all that Sallal could have hoped for. Armor and artillery poured into Yemen's ports from a flotilla of ships; ammunition and troop reinforcements arrived by transport plane from Cairo. Once again Nasser's fighter planes made mass raids on royalist strongholds in the mountains. As they have for the past two years, the royalists endured the pounding. When it was over, they crawled from caves and foxholes to dance and sing...
Disenchanted Argonaut. The would-be buyers, negotiating back in Manhattan, are big men themselves. They are mostly onetime U.S. Defense Department officials who in 1958 bought out the New York-based Marine Transport Lines, which is bidding for the Niarchos fleet and is anxious to keep it out of foreign hands. Through a complicated maze of companies, they operate 61 ships under American and Liberian flags. Leading the group is H. (for Harris) Lee White, 52, former Air Force Assistant Secretary, now a partner in the Wall Street law firm of Cadwalader, Wickersham & Taft. Other principals are ex-Deputy Defense...
Optimistic Competitors. But Marine Transport figures that it can make money in the world's biggest floating crap game. Being an American firm, it will escape the anti-Niarchos sentiment, but can collect the low-tax, low-wage benefits that Niarchos already enjoys by keeping most of his ships under the Liberian flag. The company's executives are also impressed that Niarchos' Greek competitors are more optimistic about the future of shipping than he is, now have $500 million worth of ships on order. Niarchos himself is building one new supertanker in France (not included in this...