April 30, 1951

April 30, 1951

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Headline News

Af Makes Convertaplane Awards

By Alexander McSurely8 min

Headline News

Nav Group Folds as Key Men Resign

By F. Lee Moore5 min

Headline News

Af Freezes Plane Types to Speed Output

By Ben S. Lee5 min

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1415
Headline News

Af Makes Convertaplane Awards

Three different approaches to problem, represented by Sikorsky, Bell, McDonnell designs, get contracts.

By Alexander McSurely8 min

1617
Headline News

Nav Group Folds as Key Men Resign

Committee leaders quit in protest over loss by RDB of control over electronics research and development.

By F. Lee Moore5 min

1213
Headline News

Af Freezes Plane Types to Speed Output

B-47C projects is halted; B model plans stepped up.

By Ben S. Lee5 min

1617
Headline News

Sec Survey Lists Stock Holdings

William A. Patterson, president of United Air Lines, exercised option to buy 2817 shares of common stock, making a total holding of 8667 shares, according to Securities and Exchange Commission’s latest survey. Also reported in the survey were the exercise of options for purchase of a total of 4500 common shares by four Capital Airlines directors.
1819
Headline News

What a Guy Sees From a Jet...

Alpheus W. Jessup, McGraw-Hill World News correspondent, has been covering the action in Korea for AVIATION WEEK since the start of the campaign last summer. The following letter to the editors indicate why his on-the-spot reports have been of such interest and value.
1617
Headline News

Xc-123a: First U.s. Jet Transport

Trenton, N. J.—USAF’s first all-jet cargo transport, the Chase XC-123A, made its first successful test flight last week, becoming the first aircraft in the world to have flown piston powered, jet powered, or as a glider without the use of engines.
2425
AERONAUTICAL ENGINEERING

What Has Been Learned Flying the B-47

Engineering test pilot reports on design, performance considerations of plane, and how they were fulfilled.
5253
AIR TRANSPORT

1950 Good to Locals, ’51 Looks Better

Last year was feeders’ best; break-even point drops for most lines.
5455
AIR TRANSPORT

Airline Salaries

Salaries, bonuses and stock holdings in 1950 have been reported for officials and directors of three U. S. trunklines, and one freight carrier. • Eastern Air Lines, Inc. President and director, E. V. Rickenbacker, salary $50,000, director’s fee and retirement plan $8087, $104,000 shares of common stock (1949: $35,000, $5561*, and 100,000 common shares) ; first vice president and director, Paul H. Brattain, $29,583, $4547*, and 19,000 common ($27,500, $4068* and 19,000 shares) ; second vice president and director, S. L. Shannon, $27,083, $3364* and 8000 common ($25,000, $2788* and 8000 shares) ; secretary-treasurer and director, T. F. Armstrong’, $19,583, $2591* and 2508 common ($17,500 $2247* and 3008 shares) ; assistant secretary, assistant treasurer, and director, J. W. Moore, $14,500, $1832* and 500 common ($12,000, $1531* and 500 shares) ; vice president, L. P. Arnold, $21,666, $2650* and 2600 common ($17,500, $2025* and 2600 shares) ; vice president, M. M. Frost, $24,583, $2487* and 200 common ($22,500, $2182* and 300 shares) ; vice president, S. de J. Osborne (resigned 3-15-50) $4687, no retirement plan, no stock, ($22,500, $1763* and 240 common) ; and the following directors : Everett R. Cook, director’s fees $400 and 1300 common ($400, and 1300 shares) ; James M. Cox, Jr., $600 and no stock ($400) ; Paul M. Davis, $200 and 2800 common ($200 and 2800 shares) ; George B. Howell, $800 and 1000 common ($400 and 2000) ; Hugh Knowlton, $400 and no stock ($600 and 100 common) ; Wiley L. Moore, $700 and 400 common ($600 and 400 shares) ; Stuyvesant Peabody, Jr., $300 and 300 common ($500 and 1000 shares) ; Paul E. Reinhold, $600 and 1500 common ($400 and 3000 shares) ; Laurance S. Rockefeller, $500 and 70,200 common ($600 and 60,000 shares).
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AIR TRANSPORT

Local Service Airlines’ Salaries

More 1950 salaries and stock holdings of executives and directors have been announced by the following local service airlines (1949 figures in parentheses): • Caribbean-Atlantic Airlines, Inc. of Puerto Rico. President Dionisio Trigo, salary $10,000 and 22,731 common shares (1949: salary $10,000 and 22,731 shares) ; vice president, Benigno Trigo, $3500 and 22,731 common shares ($3500 and 22,731) ; vice president, traffic, Frank H. Sheldon, $8400 and 10 common shares ($2100 and no stock) ; vice president, operations, Josè M. Sierra, $10,149 and 88 common shares ($10,000 and 1 share) ; treasurer, L. A. Lockhart, $7800 and 250 common shares ($7200 and 251 shares) ; secretary, Adolfo Valdes, no salary this year (1949: $1500 and no stock) ; and the following directors, and their holdings of common stock : Frank Ballester, 435 ; Henry G. Molina, 6500 ; Juan Cabrer, 708 ; Miguel Fernandez, 1597 ; and Juan Trigo, 17,208.
April 231951 May 71951