Clipper, Vol. XIX, No. 4, October 1962

              SPANISH SECTION IN THIS ISSUE . . . Page 8
VOL XIX, No. 4

CLIPPER
LATIN AMERICAN DIVISION
MIAMI, FLORIDA, OCTOBER 1962
A
PAN AMERICAN'S NEW BUILDING . . . Pages 4-5
621016
United Fund Drive Launched at Pan Am
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Airline Buys 3rd All-Cargo Jet Aircraft
Employes Set $88,872 Goal As Fair Share
All Are Scheduled For Delivery in Spring of 1963
Solicitors Begin Card Distribution Throughout Plant
Pan American has ordered a third all-cargo turbofan-powered jet aircraft from the Boeing Company.
The first U.S. airline to order pure-jet freighters, Pan Am now has three all-cargo jets on order. All are scheduled for delivery in the spring of 1963.
Pan Am also announced that it has leased from the Boeing Company two 707-121s for use on its shorter routes. These aircraft will bring Pan Am’s operating fleet to 60 jets of which eight are 707-121s, 21 are long-range DC-8s, and 31 are long-range Boeing Intercontinentals.
The all-cargo jets, designated 707-321Cs, are convertible to passenger service and can be used in combined passenger and cargo configurations. Powered by four Pratt and Whitney JT3D-3 turbofan engines, each developing 18,000 pounds of thrust, the jet cargo Clippers will be capable of nonstop flights of 3,400 statute miles with a full cargo load. They can cruise at speeds of 575 miles per hour and on nonstop transatlantic flights will have a capacity of 40 tons.
Congressman Lauds Pan American Team
“You possess a management team — unsurpassed — “Congressman Victor Anfuso, Chairman of the Subcomittee on Advanced Research and Technology of the House Committee on Science and Astronautics, told a group of Pan American employees at Cape Canaveral.
Speaking before the Pan Am Management Club, Congressman Anfuso applauded Pan American’s achievements through its Guided Missiles Range Division as “an outstanding contribution to our nation.”
He added, “This contribution is one that is baded on patriotism — the profit motive is decidedly secondary.”
THEY START BALL ROLLING — Leaders in Pan Am's United Fund Campaign show their signed continuing Fair Share IBM cards to Robert Bush, center, chairman of the airline's coordinating committee. At left Executive Vice Pesident in charge of LAD Wilbur L. Morrison, right, Division Manager William F. Raven.
Pan Am Aids in Program
Latin American Students Given Travel Fellowships
Thirty-four Latin American students will study in colleges and universities throughout the United States this year through travel fellowships provided by Pan American Airways and Pan American-Grace Airways.
The students, who are from 12 $>
Central and South American countries, will enroll in large and small U.S. colleges in 25 states. They will
remain for a year, undertaking an assortment of courses, then return to their own countries to complete their education or to enter business or government service.
This year’s complement of students will raise to 730 the number brought to this country by the two airlines since the program began in 1937.
Airline Gives Transportation
The airlines’ travel fellowships provide for roundtrip air transpor-
ADVANCE PREVIEW of the all-cargo Boeing 707-321C jet Clipper at Renton, Washington. Pan American officials observe a loading demonstration of the new airliner that will be used for cargo purposes. Left to right, John Borger, System chief project engineer; Lewis H. Allen, Jr., 707 project engineer, and Victor Wright, cargo check pilot Miami.
tation to the U.S. from the students’ home countries. Grants from other sources, to cover the students’ tuition and living expenses, are supplied through the Institute of International Education, a nonprofit organization in New York, which selects the fellowship winners.
Argentina and Chile, with eight students each, are sending the largest number. Five are coming from Uruguay; two each from Venezuela, Nicaragua, Bolivia, and Peru, and single representatives from Panama, Paraguay, Brazil, Honduras, and Ecuador.
Colleges and universities in New York, Massachusetts, Illinois, Pennsylvania, Arkansas, and Washington each will receive three of the Latin Americans. Two will go to West Virginia and two to Minnesota. Others will go to schools in each of the following states — Colorado, Maryland, Georgia, Rhode Island, Indiana, Oregon, North Dakota, California, Delaware, New Mexico, Kansas, and Missouri.
About half of the visiting students plan to study liberal arts courses. Next most popular subjects are in the engineering and science fields, while the remainder will specialize in law. No limitations are placed on the students’ choice of study.
The airlines’ participation in this program is made possible by special permission of the Civil Aeronautics Board and the State Department.
Portugal, Spain Get Winter Tours
A series of winter tours to sun lands of the Iberian Peninsula have been organized by Augustea International, of New York City, in cooperation with Pan American.
Designed to take advantage of Pan Am’s winter-season excursion fares, “Winter Paradise” tours provide 17 days abroad for less than $500, including transportation, hotel accommodations, breakfasts and dinners, transfers and sightseeing.
2nd Quarter Revenue Up
Pan American World Airways total operating revenues for the second quarter of 1962 were $127,552,000, compared to $117,-392,000 in the corresponding period of 1961, according to a report made to stockholders.
Net income after taxes was $3,895,000 or 58.2 cents per share on 6,688,882 shares outstanding for the corresponding period last year.
Passenger revenue amounted to $94,571,000 in the second quarter of 1962, a 6.5 per cent increase over the $88,789,000 in the second quarter of 1961. Freight revenues were $12,388,000, up 14 per cent over the $10,879,000 in the second quarter of last year. Operating expenses increased by 10 per cent.
Net loss in the first six months of 1962 was $756,000 or 11.3 cents per share, compared to net loss of $2,588,000 or 39 cents per share in the corresponding period last year.
With a goal of $88,872 to shoot for, Pan American employes in Miami open their annual in-plant United Fund campaign for pledges and cash contributions on October 24th.
This is the first year airline employes have set an established figure as their fair share for financial aid to the Dade County United Fund.
The fund helps support 39 health, welfare and character building agencies in the county.
The in-plant drive will be conducted for three days, starting on the 24th and ending on the 26th of October. No other solicitation of funds will be held during the year.
<£. Wilbur L. Morrison, executive vice president in charge of the Latin American Division, is a member of the UF Board of Trustees and chairman of the Transportation Division.
Raven is Chairman
Pan Am, Braniff Agree on Discount
Pan American and Braniff International Airways have entered into a new vacation discount travel agreement offering a 75 per cent reduction in fares. Pan Am employees stationed overseas are eligible for the discount and are ticketed through Pan Am offices.
Heading the Pan Am campaign as general chairman is William F. Raven, division manager.
The coordinating committee within the Pan Am organization is composed of Robert Bush, chairman; Don M. Barrett, assistant chairman; A. J. Lea Hume, Frank L. Foster, Richard P. Howell and Richard J. Wills.
Ten groups will conduct the fast-moving drive. They are Management, headed by M. E. Ratts and R. K. Hart; BRC union, headed by V. E. Yetts and J. Branchaud; Transport Workers Union, headed by C. V. Fisher and B. Redford; Airline Pilots’ Association, headed by M. R. Harnden and Jim Tullos; IBT Union, headed by D. Inge and J. H. Pressley; Flight Engineers’ International Association, headed by A. E. Roberts and R. W. Payne; Flight Service group, headed M. Varela and Joe Linnares; Dispatchers’ group, headed by G. Jean; Credit Union group, headed by A. Whittington; and the District Sales Office group, headed by W. Lane and J. Stewart.
Plays Full Role
In opening the campaign, Raven pointed out that Pan American employes now can play a full role in service to their community by supporting the United Fund.
Continued on Page 3
Pan Am is Commended For Operation of GMRD
“The fact that Pan American’s motives to serve have stemmed mainly from patriotism and loyalty to our national mission has added a deserved luster to your record.”
This commendation is part of a letter to President Trippe from the U.S. Air Force, citing Guided Missiles Range Division for a decade of achievement as prime contractor for the management, operation and maintenance of the Atlantic Missile Range.
Major General Leighton I. Davis, commander of the Air Force Missile Test Center, in his letter to Trippe, declares than Pan Am’s performance “has added to your fine reputation for efficiency, responsiveness and flexibility.” He added:
“Pan American’s responsibilities under the range contracts cover an impressive gamut of activities . . . you have assembled a unique and highly effective work force that has more than satisfied the diverse requirements of the contract.
“Evidence of your accomplishments is plentiful . . . numerous reviews by Congress and the Defense Department have found your performance satisfactory in every respect.
“You can be justly proud of Pan American’s record of service to the Air Force and to the nation.”
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