Air Transport
Executive Jet Aviation Begins Efforts to Find New Financing
Washington—Executive Jet Aviation has begun efforts to obtain new financing following a Civil Aeronautics Board order that the Penn Central Railroad divest itself of all interest and control in the aviation company. Divestment of the railroad’s interest, estimated to be worth as much as $24 million, must be completed by Mar. 1, 1971.
By James P. Woolsey6 min