Word: transporter
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Dates: during 1930-1939
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...interested eyes at the potentialities in lighter-than-air travel. Foremost among the blinkers was Charles Edwin Mitchell, board chairman of National City Bank. While public excitement died down after the accomplishment of the Graf, he kept the financial pot simmering, aroused potent protagonists. In October 1929, International Zeppelin Transport Corp. was incorporated under the laws of Delaware...
...exception to losses reported and awaited came last week in the statement of United Aircraft and Transport Corp. For its first year, U. A. T. showed net earnings of $8,300,000, or about 50% of the total earnings expected for the entire industry. Jubilantly, President Frederick Brant Rentschler told stockholders of this success, and of $5,400,000 new orders since Jan. 1. Money-making U. A. T. subsidiaries include Pratt & Whitney (motors) ; Chance Vought, Sikorsky, Boeing (ships...
Although the true position of the industry can not be gauged until such potent companies as Aviation Corp., Curtiss-Wright Corp., and Detroit Aircraft Corp. make their statements some time in April, the losses shown by two large transport companies were significant...
Transcontinental Air Transport and its subsidiary, Maddux Air Lines, had combined losses of $986,000 for their first six months of operation. Commented Chairman Clement Melville Keys: "While operating losses had been expected . . . these results were disappointing." Stockholders comforted themselves with the knowledge that during the first year of any company extraordinary expenses are incurred. Encouraging to T. A. T. owners are reports that Pennsylvania Railroad has increased its holdings, will instill famed railway efficiency into the system...
...height of 19,500 feet over North Beach, Long Island. The old altitude record for two-ton seaplanes was 15,837 ft. The significance: the U. S. is catching up with Europe in development of high-climbing, load-carrying seaplanes, essential to coastal and intercontinental air transport (especially in South America...