Word: turboprops
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Fairchild realizes that not every company can be a growth company. One of his own, Fairchild Engine & Airplane (1959 sales: $114 million), is in an industry "without growth possibilities." Fairchild Engine suffered from the cancellation of the Goose missile, and its F-27 turboprop transports have not sold well to feeder lines. Fairchild hopes to branch out into new products, feels that "every business has something in it that has growth, even if the business as a whole does not." One new development that could help his company: the USD-5, an unmanned electric-eye drone capable of flying over...
Ever since Lockheed Aircraft Corp. announced the cause of two crashes by its turboprop Electras (TIME, May 23), the big question has been: Who will pay to have the planes fixed? This week Lockheed was ready to sign contracts with Electra-equipped U.S. airlines obligating Lockheed to pay all direct modification costs, which it estimates will total $25 million. The lines, arguing successfully that they have already paid a high price in lost revenues and increased operating costs, will pay only minor expenses, such as flying the planes to Lockheed's Burbank, Calif, headquarters and test flights...
...years, MATS spent some $300 million for international, overseas and Alaskan air transportation, all of it outside the regulatory system established by CAB. By scattering its business among so many airlines, MATS has neither enabled nonscheduled airlines to buy newer planes nor encouraged the bigger airlines to buy the turboprop cargo planes MATS says it needs...
Change of Mood. But when his white Ilyushin 18 turboprop set down in East Berlin, Khrushchev emerged in a new character-sober, sedate, mantled in almost Roman dignity. East Germany's Red Boss Walter Ulbricht greeted him nervously; he had first learned Nikita was coming only when Khrushchev casually remarked to newsmen in Paris that he "might" stop off on his way home. Khrushchev gave one glowering glance at a stiffly goose-stepping German Communist honor guard, then stepped to the microphones, fished in his pockets for a prepared statement, and read it in a flat monotone voice...
Engineers from Lockheed last week were examining two other mysterious mishaps: the midair disintegration of two turboprop Electras-over Buffalo, Texas, and Tell City, Ind.-at a cost of 97 lives. In one of the biggest and most expensive (estimated cost to all participants, including F.A.A. and the airlines: $25 million) test programs in aviation history, Lockheed has placed an entire airplane in a huge mechanical jig, is literally shaking it to test its vibration tolerances. A whole wing section complete with engines has been taken off the production line, is being twisted and bent to destruction to check...