Word: pistone
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AIRCRAFT EXCHANGE, INC. will be set up as a clearinghouse to match buyers and sellers of the 4,000 piston planes that are expected to go on the block in next five years. The founder, former American Airlines Executive Robert Helliesen, hopes exchange will also be able to put potential buyers in touch with lending agencies for necessary financing...
Even without a strike, T.W.A. would have a rough time meeting its bills. Hughes is in the midst of a $500 million re-equipment program for T.W.A., has paid for 20 new piston-engined Super Constellations recently delivered, but still owes something like $320 million for 30 Convair 880's and 33 Boeing 707 jets on order. The strike makes it just that much tougher. T.W.A.'s fixed charges alone amount to $300,000 each day for interest payments on loans, police and maintenance payrolls, office and hangar rental, guarantees to airports, etc. With no revenue coming...
Better Controls. The new planes will fly so high and so fast that the Government will have to set up a whole new system of air controls to prevent collisions with military jets flying at the same heights, separate the jets from slower piston planes at lower levels. In the next five years, it will spend $1.8 billion to set up all-weather, round-the-clock controls on all U.S. airways...
Bigger Planes. The Boeing 707s are 144 ft. long, 28 ft. longer than the biggest piston plane and longer than the distance of Wright's first flight. They seem more like roomy club cars than planes. Though the 707 will seat up to 150 people, American plans to seat only 112 at first, evenly divided between first class and coach...
Supersonic Planes. Within a year jets will be in service in almost every part of the U.S. By 1961-62 there will be only a small number of piston-planes flying commercial U.S. flights. But U.S. airlines will hardly have phased out their piston planes-and will still be struggling to pay for their jets-when they will face another major advance in aviation...