Word: turboprops
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...trim Fokker Friendship turboprop that touched down at Washington's National Airport last week was not as big as Nikita Khrushchev's big TU-114, but the welcome accorded its distinguished passenger was every bit as impressive-and considerably more cordial. As Mexico's President Adolfo López Mateos stepped out, a thundering 21-gun salute split the air; the U.S. Army Band rolled through Mexico's national anthem; a 231-man honor guard snapped to attention. On the red carpet stood Dwight Eisenhower, all smiles. "Bienvenido," said Ike, giving his guest a warm Latin...
...Companies are dropping out because the industry's capacity is far higher than the demand for planes. There are so few orders that major planemakers are building for stock-putting together planes and praying that they will be sold one day. A buyer can get delivery of a turboprop Viscount or Britannia in two to three months, v. twelve months for a U.S. Lockheed Electra...
Vickers, whose turboprop Viscount was the great postwar success story of British civil aviation, has sold more than 400 of them. But it expects to end the Viscount run in 1960. The Viscount's successor, the Vanguard, which was first shown off last week, has a bare 40 orders from British European Airways and Trans-Canada Air Lines, far fewer than needed to break even. Bristol, whose turboprop Britannia was slowed by bugs, has sold only...
...liner. General Dynamics' Convair Division has spent $57 million to develop its long-range jet 600 and shorter-range 880. But so far it has orders for only 79 of the planes, needs triple that-or more-to turn a profit. Lockheed spent $50 million to develop its turboprop Electra, and has orders for 178. But it needs to sell 100 to 200 more to break even. The planemakers are confident that they will sell all the planes they have to-and then some. But they are playing safe, in case they have guessed wrong. They have written...
...FREIGHT RATE SLASH of 50% is expected after delivery of turboprop cargo planes ordered by Pan American World Airways from Lockheed at cost of $60 million. Scheduled for early 1962 delivery, the twelve Super Hercules planes will carry 35-ton payload nonstop across Atlantic, cruise at 360 m.p.h...