Aaf Unveils Shooting Star But Hides Exact Top Speed
First public showings reveal speed of "more than" 550 mph., operation at altitudes above 45,000 feet and fuel capacity sufficient for long-range fighter missions; super smooth finish highlights technical features.
Jap Seen Hoarding Warplanes for Final Battle of the Pacific
Estimates place front-line air force strength at 4,000 aircraft now being carefully sheltered from attack, even to extent of flying away from raid areas; production badly disorganized.
Airline, Aircraft Stock Rise Reflected By Investment Review
National Aviation Corporation holdings show market value of $10,227,891 against average cost of $6,089,386, June 30 portfolio report reveals.
THE AVIATION NEWS
Friends of J. A. (Cap) Krug report he plans to leave WPB on Sept. 1 to join TWA in an executive capacity, although efforts are anticipated by President Truman to dissuade him from leaving his WPB chairmanship post at this time. The salary offered Krug by the airline is said to be about $50,000.
Cab Findings Out on Six Accidents
Three of six lightplane accidents, probe results of which have just been released by the Civil Aeronautics Board, were found to be due to takeoff or landing error. Four persons were killed in the accidents and five seriously injured. Summaries of the accidents and CAB findings, follow:
Headline News Section
Proposed Patent Rule Changes Seen Future Competition Mold
Senate suggestion would make public property of post-war inventions made by manufacturers under government development contracts; three separate studies of ownership rights under way.
Headline News Section
Contract Settlement Records Point Trend for Air Industry
Contract agency work generally favored; full plane terminations pend; sudden peace seen bogging machinery with thirty billions in new order endings plus fourteen billions in present unsettled commitments.
By WILLIAM KROGER3 min
Sudden British Election Upset Leaves Air Policies Undecided
Signs point, however, to internal changes without revision of airline structure as it affects other nations; transport monopoly seen unopposed by new government.
Dallas Blair-Smith, public accountant and tax specialist, has been named assistant treasurer-general of Transcontinental and Western Air, Inc. Blair-Smith will assist treasurer John B. Thurston. He was formerly associated with Lybrand, Ross Bros., and Montgomery in New York City.