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c ì FOR SPORT NEWS TURN TO . . . Page 8 CLIPPER LATIN AMERICAN DIVISION PAYROLL DEPARTMENT PICTURES . . . Pages 4, 5 VOL XV, NO. 11 MIAMI, FLORIDA, NOVEMBER 1958 581110 Jet Scores Four Firsts For Pan American New Credit Arranged For Jet Financing 39 Banks to Loan PAA $130,000,000 Under Agreement Pan American World Airways has completed arrangements for a new credit not exceeding $130,-000,000 with 39 participating banks in 17 major U.S. cities. The credit agreement provides that the company, during the period to June 30, 1961, may borrow and reborrow, in whole or in part, on a revolving credit basis, and that loans outstanding as of June 30, 1961, may be repaid in equal semi-annual installments over three, four or five years, at the company’s option. The new credit which is effective October 31, 1958, includes provisions to cover Pan American’s current jet fleet program. The company’s present long term debt is represented by loans arranged with insurance companies, totaling $90,000,000. Among banks participating in the credit agreement are the First National Bank of Miami, the Florida National Bank and Trust Co., of Miami, Guaranty Trust Company of New York, the First National City Bank of New York, the Chase Manhattan Bank, Bankers Trust Company, the Hanover Bank and the Mellon National Bank and Trust Company. The New York Trust Company, which has acted in a similar capacity in the past in previous credit arrangements, will serve as agent. SWINGING INTO JET AGE—Mamie Eisenhower swings bottle of water collected from seven seas against nose of Pan Am's new 707 jet as she christens it 'Clipper America/ President Trippe watches at left. Jet Beats Cable On 48-Minute Hop In the good old days a cablegram was a pretty speedy and reliable method of communication. But no longer! When Pan American’s new 707 jet Clipper America departed from Brussels for London on a recent flight, a cablegram was dispatched to the airport serving the British capital advising of the take-off. Forty-eight minutes later the big aircraft landed at London North. The message had not arrived. Health Given as Reason PAA Chief Chemist Retires After 28 Years of Service A mild-mannered perfectionist who has directed the growth of Pan American’s chemical research laboratory from a one-room operation to a vast scientific institution, retired November 1 because of poor health after 28 years service to the airline. He is Joseph Thompson Hen-dren, an internationally - recog -nized authority on fuels who pioneered research in the petroleum field. He is succeeded by his assistant for 16 years, John E. My-kytka. Hendren joined Pan American on October 8, 1930, as chief chemist in Miami. Since that time he has directed the testing of everything from lubricants to lollypops, and has gained the respect of scientists around the world. “Lollypops got into the act,” Hendren explains, “when the Latin American Division’s commissary superintendent suggested we study the purity of candies provided for young Clipper passengers.” Hendren’s assistant’s solve their mysteries with clues gathered from all parts of the globe. Many processes that originated in his laboratory have been adopted by industry and accepted by government agencies. One of Pan Am’s prime contributions to the World War II effort was the turning over to the armed services of its voluminous test HENDREN data dealing with fuel and lubricants. Fuel specifications were ill-defined “In the early days,” Hendren and engine trouble resulting from says, “there was no standard anti- low octane gas was frequent, knock scale for aviation gasoline. Continued on Page 2 Division Chief an Aviation Pioneer Wilbur Morrison Completes 30 Years with Pan American Wilbur L. Morrison, Pan American World Airways executive vice president and “El Jefe” of the airline’s far flung Latin American Division, completes 30 years with the airline this month. ^ It is within this Latin American bailiwick, starting in Mexico in the mid-20’s, that Morrison has carved out his outstanding career as an aviation pioneer and leader. He joined Pan American November 27, 1928. He became a vice president and head of the Latin American Division in 1944. On November 1, 1952, he became executive vice president. In the historic three decades since 1928, Morrison has seen the Division become bigger and busier than most complete airlines. Its fleet of 50 big four-engine Clippers span some 53,000 miles of routes stretching from San Francisco to Buenos Aires and back to Miami, New Orleans, Houston and New York. Blazed New Trails In this vast area, Morrison blazed new air trails and pioneered new methods to increase the safety, efficiency, speed and comfort of air travel. At the same time he kept on hacking away at red tape restrictions hampering freedom of travel between the Americas. He works constantly for the improvement of inter - American relations. When Morrison became head of the Latin American Division, it 707 Starts Daily Hops To Europe Mrs. Eisenhower Christens Plane Clipper America The first regular daily transatlantic jet passenger service between New York and Paris was launched by Pan American World Airways October 26, as scheduled. On it« inaugural flight, Pan American scored three additional important firsts: First regular passenger jet service by an American airline; first regular commercial flight by an American-built jet, and the first commercial flight from the United States to the European continent. That there is great public enthusiasm for the jets is evidenced by advance winter bookings. More than 3,000 seats have been confirmed for the jet Clipper flights to Paris, London and Rome. Service to London is expected to start November 16, subject to approval of the governments concerned. Flights to Rome have been postponed. Christened by First Lady Ten days prior to the start of regular transatlantic service, the new 707 jet Clipper America was christened in Washington by Mrs. Dwight D. Eisenhower at a ceremony presided over by Juan T. Trippe, president of the airline, and attended by government dignitaries, aviation leaders and executives of press, radio and television. A bottle of water collected from the seven seas replaced the traditional champagne more often used at such affairs. It was broken over the nose of the jet as the First Lady uttered the words, “I christen thee Clipper America.” Besides President Trippe, who delivered the principal address, -<*> MORRISON was carrying 302,555 passengers and about 13,000,000 pounds of cargo a year. During 1957, the Continued on Page 6 Complete text bf President Trippe's address on Page 6 speakers included Secretary of Commerce Sinclair Weeks; Under Secretary of State Christian A. Herter; Lt. General Elwood R. Quesada, special assistant to President Eisenhower; James R. Dur-fee, chairman of the Civil Aeronautics Board (CAB) ; and William M. Allen, president of Boeing Airplane Company, builders of the 707 jets. Flight to Brussels Following the ceremony in Washington, Mr. Trippe was host Continued from Page 6 Cargo to Europe Sets New Record A new record in transatlantic air cargo was established by Pan American in September with a total of 696,806 pounds flown eastbound, according to Willis G. Lipscomb, vice president of traffic and sales. The record total was 23 per cent higher than the airline’s previous record of 567,000 pounds flown eastbound across the Atlantic in August. It established an all-time industry record on this sector for scheduled cargo service. Compared to September 1957, the record total represented an increase of 131 per cent. Flu and Cold Vaccinations Are Available For Employes Vaccinations to give maximum protection against all types of influenza and colds is being offered employes in Miami and other American flag stations. The vaccinations consist of two injections administered three months apart, said to be sufficient in most cases to provide immunity without reaction or discomfort through the worst exposure period. Shots will be given through Company facilities without charge. At Miami appointments may be arranged from 9 a.m. until noon and from 1 to 4 p.m. Monday through Friday, except holidays. The Medical Department will call personnel for vaccinations through department heads or local supervisors as supplies of the vaccine are available under a priority system. At stations other than Miami in the U. S. and Puerto Rico the medical director will arrange appointments through station managers and local doctors. Employes should advise their supervisor or crew chief that they want the innoculations, if they do, and that they will be available on call.
Object Description
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Title | Page 1 |
Object ID | asm0341002903 |
Digital ID | asm03410029030001001 |
Full Text | c ì FOR SPORT NEWS TURN TO . . . Page 8 CLIPPER LATIN AMERICAN DIVISION PAYROLL DEPARTMENT PICTURES . . . Pages 4, 5 VOL XV, NO. 11 MIAMI, FLORIDA, NOVEMBER 1958 581110 Jet Scores Four Firsts For Pan American New Credit Arranged For Jet Financing 39 Banks to Loan PAA $130,000,000 Under Agreement Pan American World Airways has completed arrangements for a new credit not exceeding $130,-000,000 with 39 participating banks in 17 major U.S. cities. The credit agreement provides that the company, during the period to June 30, 1961, may borrow and reborrow, in whole or in part, on a revolving credit basis, and that loans outstanding as of June 30, 1961, may be repaid in equal semi-annual installments over three, four or five years, at the company’s option. The new credit which is effective October 31, 1958, includes provisions to cover Pan American’s current jet fleet program. The company’s present long term debt is represented by loans arranged with insurance companies, totaling $90,000,000. Among banks participating in the credit agreement are the First National Bank of Miami, the Florida National Bank and Trust Co., of Miami, Guaranty Trust Company of New York, the First National City Bank of New York, the Chase Manhattan Bank, Bankers Trust Company, the Hanover Bank and the Mellon National Bank and Trust Company. The New York Trust Company, which has acted in a similar capacity in the past in previous credit arrangements, will serve as agent. SWINGING INTO JET AGE—Mamie Eisenhower swings bottle of water collected from seven seas against nose of Pan Am's new 707 jet as she christens it 'Clipper America/ President Trippe watches at left. Jet Beats Cable On 48-Minute Hop In the good old days a cablegram was a pretty speedy and reliable method of communication. But no longer! When Pan American’s new 707 jet Clipper America departed from Brussels for London on a recent flight, a cablegram was dispatched to the airport serving the British capital advising of the take-off. Forty-eight minutes later the big aircraft landed at London North. The message had not arrived. Health Given as Reason PAA Chief Chemist Retires After 28 Years of Service A mild-mannered perfectionist who has directed the growth of Pan American’s chemical research laboratory from a one-room operation to a vast scientific institution, retired November 1 because of poor health after 28 years service to the airline. He is Joseph Thompson Hen-dren, an internationally - recog -nized authority on fuels who pioneered research in the petroleum field. He is succeeded by his assistant for 16 years, John E. My-kytka. Hendren joined Pan American on October 8, 1930, as chief chemist in Miami. Since that time he has directed the testing of everything from lubricants to lollypops, and has gained the respect of scientists around the world. “Lollypops got into the act,” Hendren explains, “when the Latin American Division’s commissary superintendent suggested we study the purity of candies provided for young Clipper passengers.” Hendren’s assistant’s solve their mysteries with clues gathered from all parts of the globe. Many processes that originated in his laboratory have been adopted by industry and accepted by government agencies. One of Pan Am’s prime contributions to the World War II effort was the turning over to the armed services of its voluminous test HENDREN data dealing with fuel and lubricants. Fuel specifications were ill-defined “In the early days,” Hendren and engine trouble resulting from says, “there was no standard anti- low octane gas was frequent, knock scale for aviation gasoline. Continued on Page 2 Division Chief an Aviation Pioneer Wilbur Morrison Completes 30 Years with Pan American Wilbur L. Morrison, Pan American World Airways executive vice president and “El Jefe” of the airline’s far flung Latin American Division, completes 30 years with the airline this month. ^ It is within this Latin American bailiwick, starting in Mexico in the mid-20’s, that Morrison has carved out his outstanding career as an aviation pioneer and leader. He joined Pan American November 27, 1928. He became a vice president and head of the Latin American Division in 1944. On November 1, 1952, he became executive vice president. In the historic three decades since 1928, Morrison has seen the Division become bigger and busier than most complete airlines. Its fleet of 50 big four-engine Clippers span some 53,000 miles of routes stretching from San Francisco to Buenos Aires and back to Miami, New Orleans, Houston and New York. Blazed New Trails In this vast area, Morrison blazed new air trails and pioneered new methods to increase the safety, efficiency, speed and comfort of air travel. At the same time he kept on hacking away at red tape restrictions hampering freedom of travel between the Americas. He works constantly for the improvement of inter - American relations. When Morrison became head of the Latin American Division, it 707 Starts Daily Hops To Europe Mrs. Eisenhower Christens Plane Clipper America The first regular daily transatlantic jet passenger service between New York and Paris was launched by Pan American World Airways October 26, as scheduled. On it« inaugural flight, Pan American scored three additional important firsts: First regular passenger jet service by an American airline; first regular commercial flight by an American-built jet, and the first commercial flight from the United States to the European continent. That there is great public enthusiasm for the jets is evidenced by advance winter bookings. More than 3,000 seats have been confirmed for the jet Clipper flights to Paris, London and Rome. Service to London is expected to start November 16, subject to approval of the governments concerned. Flights to Rome have been postponed. Christened by First Lady Ten days prior to the start of regular transatlantic service, the new 707 jet Clipper America was christened in Washington by Mrs. Dwight D. Eisenhower at a ceremony presided over by Juan T. Trippe, president of the airline, and attended by government dignitaries, aviation leaders and executives of press, radio and television. A bottle of water collected from the seven seas replaced the traditional champagne more often used at such affairs. It was broken over the nose of the jet as the First Lady uttered the words, “I christen thee Clipper America.” Besides President Trippe, who delivered the principal address, -<*> MORRISON was carrying 302,555 passengers and about 13,000,000 pounds of cargo a year. During 1957, the Continued on Page 6 Complete text bf President Trippe's address on Page 6 speakers included Secretary of Commerce Sinclair Weeks; Under Secretary of State Christian A. Herter; Lt. General Elwood R. Quesada, special assistant to President Eisenhower; James R. Dur-fee, chairman of the Civil Aeronautics Board (CAB) ; and William M. Allen, president of Boeing Airplane Company, builders of the 707 jets. Flight to Brussels Following the ceremony in Washington, Mr. Trippe was host Continued from Page 6 Cargo to Europe Sets New Record A new record in transatlantic air cargo was established by Pan American in September with a total of 696,806 pounds flown eastbound, according to Willis G. Lipscomb, vice president of traffic and sales. The record total was 23 per cent higher than the airline’s previous record of 567,000 pounds flown eastbound across the Atlantic in August. It established an all-time industry record on this sector for scheduled cargo service. Compared to September 1957, the record total represented an increase of 131 per cent. Flu and Cold Vaccinations Are Available For Employes Vaccinations to give maximum protection against all types of influenza and colds is being offered employes in Miami and other American flag stations. The vaccinations consist of two injections administered three months apart, said to be sufficient in most cases to provide immunity without reaction or discomfort through the worst exposure period. Shots will be given through Company facilities without charge. At Miami appointments may be arranged from 9 a.m. until noon and from 1 to 4 p.m. Monday through Friday, except holidays. The Medical Department will call personnel for vaccinations through department heads or local supervisors as supplies of the vaccine are available under a priority system. At stations other than Miami in the U. S. and Puerto Rico the medical director will arrange appointments through station managers and local doctors. Employes should advise their supervisor or crew chief that they want the innoculations, if they do, and that they will be available on call. |
Archive | asm03410029030001001.tif |
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