Word: turboprops
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...secretly offered to buy Conoco, the ninth biggest American oil company. After five hectic days of staff work, the deal seemed set. On Sunday night of the July Fourth weekend, Du Pont Chairman Edward Jefferson flew from his headquarters in Wilmington, Del., aboard a King Air twin-engine turboprop to Stamford, Conn., for a midnight meeting with Conoco Chairman Ralph Bailey in that company's boardroom rotunda. Just after 1 a.m. the two weary, rumpled chief executives settled final details, sealed the agreement with a handshake and retired to Bailey's office for a round of Scotch...
...Redcoat Cargo Airlines will take delivery of four of the $9.5 million skyships beginning in 1984. The airline claims that they will cost slightly less to operate than a jumbo jet and have 56% more cargo space. The airships, which will be powered by four 1,150 h.p. turboprop engines, will cruise at about 3,000 ft. They will have a top speed of 86 m.p.h. and be able to cross the Atlantic in 2½ days. As the price of energy keeps soaring, transport ships and dirigibles assisted by free air may be gliding gracefully back into popularity...
...aircraft-instrumentation firm build jets. In 1967, when sales initially failed to take off, he sold Lear Jet Industries Inc. to the Gates Rubber Co. Two years before he died of leukemia in 1978 at age 75, Lear started a new firm, LearAvia, in Reno, to manufacture a turboprop corporate jet that he had designed. On his deathbed, Lear asked his wife Moya, now 65, and Company President Samuel Auld, 55, to use the proceeds from his estimated $100 million estate to complete work on the Lear...
...constant flow of reports at his headquarters. More important, several times a year he flies to Belem on Brazil's northern coast, traveling economy class except when he can hitch a free ride on a friend's corporate jet. At Belem he waits for the Fairchild turboprop that makes the 90-min. flight daily between the port city and Jari. Disdaining VIP treatment, Ludwig crowds on board with newly recruited laborers, technicians returning from a few days of whooping it up in Belem and families coming back from shopping trips...
...toughly worded statement read on prime-time television in South Africa, Prime Minister P.W. Botha announced the expulsion of several members of the American mission in Pretoria for "aerial espionage." A grim-faced Botha told South Africans that a twin-engine Beechcraft turboprop used by U.S. Am bassador William B. Edmondson had been "converted for use as a spy plane by the installation of an aerial-survey camera under the seat of the copilot." The Prime Minister charged that "the embassy air craft was engaged in a systematic pro gram of photography of vast areas of South Africa, including some...