Word: klm
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...airlines-Pan American, TWA, American, Northwest Orient, Continental, United, National and World Airways-have ordered 70 of the big planes. Other orders have come from Lufthansa German Airlines, Japan Air Lines, BOAC, Air France, Alitalia, Irish International Airlines, KLM and Air-India. Most of the carriers prefer a first-and tourist-class seating that allows for 350 to 362 passengers. To Boeing, which had originally planned the 747 as a military transport that would be similar to Lockheed's successful C-5A, this almost negates the whole idea of the nine-abreast economy airliners. To prove the point, Boeing...
...TIME refers to KLM as a heavily subsidized company. KLM has not received a single cent of subsidy since 1945. The Netherlands government owns 50.5% of the common stock; much of the balance is owned by American investors...
Vice President KLM New York City...
...increasing competition from TWA (17.7%) and BOAC (12.6%). During the traffic-heavy summer months, efficient, unsubsidized carriers like Pan Am and TWA can gross $27,000 on a typical flight, earn $15,000 per trip-an operating profit of 55%. Even such heavily subsidized national airlines as Alitalia and KLM, which spend lavishly for high-rent offices and other promotion, can earn about $7,000 per flight during the summer, though slower sales in winter put some of them...
...meeting in the place, rush out a daily precis to all the directors-many of them trekking about the world on business. For his tight ship, Warburg has recruited a highly diverse and individualistic crew, including former Reuters Correspondent Ian Fraser, former Ambassador to France Lord Gladwyn and former KLM President E. H. van der Beugel...