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747 Highlights 66 Report
Pan American will have paid $300 million to the Boeing Company before delivery of the first 747 Super jet in September 1969, it was reported in the 1966 Annual Report. A letter to Pan Am stockholders in the report, which was jointly signed by Juan T. Trippe, Chairman and Chief Executive, and Harold E. Gray, President, stated that the 747 project exceeds any ever financed by the private sector. Boeing, as the manufacturer, will have a peak investment of over $700 mil lion prior to the first delivery, which will be to Pan Am. The report stated that to assist in the financing of the 747, prog ress payments have been acceler ated. Payments required before delivery of the first 747 were in Volume WASHINGTON, D.C.—The U.S. SST program will create creased from 30 to 50 per cent. 250,000 new jobs, Stuart G. Tipton, President of the Air Trans The report also noted that on the supersonic program, Pan Am port Association of America, declared here recently in a speech has committed $15 million to the to the Aero Club. The number of new jobs generated by the SST program development of the American SST. This is in addition to the is the equivalent of all the jobs in the U.S. airline industry $1.5 million already paid by the today. The program’s impact on the U.S. economy will be from 20 to 50 billion dollars of economic growth with the develop Company. ment and long-term production of the SST providing 50,000 jobs In 1967, Pan Am will receive and place in service a total of for the prime contractors and another 100,000 jobs for sub Pan American will inaugurate Jet Service to New Cale 28 advanced-model Boeing jets. contractors. These 150,000 new jobs will create another 100,000 non donia from the U.S. mainland and Hawaii on June 17, Norman Fourteen more will be delivered manufacturing positions in wholesale and retail trade, profes P. Blake, Senior Vice President, Traffic and Sales, announced. in the spring of 1968. sional services, business services, finance, insurance, real The once-weekly roundtrip service to Noumea will be The report gave stockholders the first by Pan Am in 16 years. Noumea will be the sixth a concise report of the Com estate, transportation and communications, Mr. Tipton said. These forecasts are based on the sale of 500 SST’s, “a South Pacific point served by Pan Am Jet Clippers. pany’s activities during 1966. It very conservative (market estimate) based on minimal traffic The new flights will leave Los noted that income before extraor growth of 8.6 per cent a year, minimal market penetration and Angeles at 9:45 P.M. each Sat dinary item was $71,953,000 or no SST operation over inhabited land areas because of sonic urday, stop en route at Hono $4.62 a share up 52.2 per cent boom limitations,” Mr. Tipton said. lulu and Pago Pago, will arrive from $47,275,000 or 3.28 a share Mr. Tipton also pointed out that the U.S. Government’s in Noumea at 7:55 A.M. on in 1965." investment of an estimated two billion dollars would be spread Mondays, and continue on to During 1966 there was an ex out over a ten-year period and would be paid back, in the form Sydney, Australia. The U.S.traordinary item of $11,781,000 of royalties paid to the government by the manufacturers on Noumea-Sydney service will in or 75 cents a share resulting from each aircraft sold, by the time the 300th aircraft was sold. crease Pan Am’s schedule be the sale of Pan Am’s 50 per cent “Since these royalty payments are to continue for a 15-year tween U.S. and Australia to interest in Panagra. Including period, they will go on well beyond the 300th delivery, and will daily service and will provide Pan American will inaugurate this item, net income totaled the only service between Nou its All-Cargo Service between $83,734,000 or $5.37 compared to produce a return on the government investment comparable to mea and both Honolulu and California and Europe on May 2, the 1965 net, including an ex levels normally received by industry,” Mr. Tipton said. Thus, the U.S, SST program “will help insure our well Pago Pago. Norman P. Blake, Senior Vice traordinary item of $4,800,000 Pan Am offers a special 28- President-Traffic and Sales, an or 33 cents resulting from the being domestically and internationally today and in the decades ahead. It will offer a clear return in terms of employment and day round-trip excursion fare nounced. discontinuance of self-insurance, in recovery of the investment with interest to the U.S. of $756 from the West Coast to The new service will provide totaled $52,075,000 or $3.61 a “It meets every test of an essential national undertaking,” Sydney, with passengers per direct cargo flights from both share. Mr. Tipton concluded. mitted to stop over at Honolulu San Francisco and Los Angeles Operating revenues, excluding and all the South Pacific points to Glasgow, London, Frankfurt, served by Pan Am. In addition Stuttgart, Munich, and Amster Inter-Continental Hotels Corp. and the affiliated companies, rose to those already named, these dam, he said. to $840,967,000 vs. $708,971,000. points include Auckland, New The new flight will offer the The year 1966 was the Com Zealand; Nandi, Fiji and Pa first All-Cargo Service between peete, Tahiti. Noumea will also California and Glasgow, Amster pany’s best year in sales, earn be a stopover site. dam, Stuttgart, and Munich. ings, and traffic. Other highlights of the report The new service will enable a Westbound service also will be traveler at Noumea to travel provided for the first time from included: eastward to Paris on Jet Clip Beirut, Vienna, and Brussels. **NATIONAL INTEREST — pers for the same fare as a Pan Am Jet Clipper Cargo Pan Am operated the major part flight to that European city via Flight 160 will leave San Fran of the civil airlift transporting HONOLULU—The Hawaii Visitors Bureau predicts th at Asia and stop over at California cisco at 7 A.M. and Los Angeles supplies, medical assistance, mail and New York before continuing at 10 A.M. Fridays, and Flight and personnel across the Pacific nearly one million tourists will visit Hawaii during 1967— the trip. 164 will leave San Francisco at to Vietnam. At year end approx nearly one-third more than in 1966. The Bureau expects 925,000 visitors this year, 220,000 The one-way economy class 6 P.M. and Los Angeles at 9 P.M. imately one fifth of the Com or 31 per cent more than last year. Noumea-Paris fare is $708.40. on Tuesdays. pany’s long-range jet airlift was The anticipated total for 1967 more than doubles the The one-way fare between Nou After intermediate stops in devoted to this service. 429.000 of only four years ago, and is more than ten times the mea and the U.S. West Coast is Chicago, Detroit and New York, ^B U SIN E SS JETS — The 91.000 visitors of 1954. $454.70. the Friday departure will arrive Part of the big increase will Pan Am first inaugurated in London, Amsterdam, Frank company has increased its order service to New Caledonia with furt, Stuttgart, and Munich. The to 160 Fan Jet Falcons with result from the Rest and Re a Boeing B-314 flying boat in Tuesday departure will make the options for 40 more. Of these 62 habilitation flights Pan Am is 1940. The service was suspended same stops in the United States have been sold in the U.S. and operating to Hawaii from South in 1951 because of runway and will serve Glasgow, London, Canada, principally to corpora- Vietnam every day. The Hawaii Visitors Bureau (Continued on Page 5) and Frankfurt. problems at Noumea. expects the total of servicemen arriving on the R&R flights for five days away from the fighting The past Easter Holiday in zone to reach 74,000 for 1967. Berlin provided the Internal Wives, other family members German Service the oppor and sweethearts flying to Hono tunity to stack up some new lulu to join the military men passenger records. will bring the total of visitors Beginning on March 22 associated with the R&R pro through March 28 a total of gram to over 100,000. 48,242 passengers flew in and The U.S. State Department has taken a small but significant step to relax visa require Robert C. Allen, executive out of Berlin on 526 flights. vice president and managing The record day was Thursday, ments to encourage more travel from foreign countries to the U.S.A. Beginning today citizens of 24 selected countries may get lifetime visas to visit the U.S. director of HVB, says that even March 23 when 10,219 passen with the dramatic increase in gers traveled through Tempelas tourists or on business, instead of visas for four years. visitors to Hawaii, accommoda hof on 86 flights. The move falls far short of tions will be available for all During the Easter season recommendations made by Pan of the United Nations’ designa a new one every four years. And when his passport expires, visitors. At least 1,328 new hotel last year the record day was Am and the travel industry, but tion of 1967 as International he can have the visa re-stamped rooms will be ready by July, set on April 7 with 10,054 a State Department spokesman Tourist Year. bringing Hawaii’s total capacity passengers on 114 flights. The The change is not far-reach in his new passport. said “it is the first time we have to 103,487 visitors per month, last record day was on June Nor does the fact that the visa done it, and we consider it im ing. The traveler still has to apply for and get a visa. But it has no cutoff date mean the based on an average stay of ten 4, 1965 when 10,084 passen portant.” He said liberalization of travel does not expire, so he does not traveler can remain in the U.S. days. HVB predicts that the gers flew in and out of Berlin on 125 flights. (Continued on Page 9) (Continued on Page 3) controls was done in recognition have to apply all over again for
SST Will Double Jobs on Airlines
New Caledonia Rejoins System After 16 Years
Cargo Jets to Link Europe, W est Coast
Expect Million to See Hawaii in'6 7
IGS Traffic Sets Passenger Record On Easter Holiday
Visas to Visit Now Good fo r a Lifetime
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| Object ID | asm0341005285 |
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| Full Text | 747 Highlights 66 Report Pan American will have paid $300 million to the Boeing Company before delivery of the first 747 Super jet in September 1969, it was reported in the 1966 Annual Report. A letter to Pan Am stockholders in the report, which was jointly signed by Juan T. Trippe, Chairman and Chief Executive, and Harold E. Gray, President, stated that the 747 project exceeds any ever financed by the private sector. Boeing, as the manufacturer, will have a peak investment of over $700 mil lion prior to the first delivery, which will be to Pan Am. The report stated that to assist in the financing of the 747, prog ress payments have been acceler ated. Payments required before delivery of the first 747 were in Volume WASHINGTON, D.C.—The U.S. SST program will create creased from 30 to 50 per cent. 250,000 new jobs, Stuart G. Tipton, President of the Air Trans The report also noted that on the supersonic program, Pan Am port Association of America, declared here recently in a speech has committed $15 million to the to the Aero Club. The number of new jobs generated by the SST program development of the American SST. This is in addition to the is the equivalent of all the jobs in the U.S. airline industry $1.5 million already paid by the today. The program’s impact on the U.S. economy will be from 20 to 50 billion dollars of economic growth with the develop Company. ment and long-term production of the SST providing 50,000 jobs In 1967, Pan Am will receive and place in service a total of for the prime contractors and another 100,000 jobs for sub Pan American will inaugurate Jet Service to New Cale 28 advanced-model Boeing jets. contractors. These 150,000 new jobs will create another 100,000 non donia from the U.S. mainland and Hawaii on June 17, Norman Fourteen more will be delivered manufacturing positions in wholesale and retail trade, profes P. Blake, Senior Vice President, Traffic and Sales, announced. in the spring of 1968. sional services, business services, finance, insurance, real The once-weekly roundtrip service to Noumea will be The report gave stockholders the first by Pan Am in 16 years. Noumea will be the sixth a concise report of the Com estate, transportation and communications, Mr. Tipton said. These forecasts are based on the sale of 500 SST’s, “a South Pacific point served by Pan Am Jet Clippers. pany’s activities during 1966. It very conservative (market estimate) based on minimal traffic The new flights will leave Los noted that income before extraor growth of 8.6 per cent a year, minimal market penetration and Angeles at 9:45 P.M. each Sat dinary item was $71,953,000 or no SST operation over inhabited land areas because of sonic urday, stop en route at Hono $4.62 a share up 52.2 per cent boom limitations,” Mr. Tipton said. lulu and Pago Pago, will arrive from $47,275,000 or 3.28 a share Mr. Tipton also pointed out that the U.S. Government’s in Noumea at 7:55 A.M. on in 1965." investment of an estimated two billion dollars would be spread Mondays, and continue on to During 1966 there was an ex out over a ten-year period and would be paid back, in the form Sydney, Australia. The U.S.traordinary item of $11,781,000 of royalties paid to the government by the manufacturers on Noumea-Sydney service will in or 75 cents a share resulting from each aircraft sold, by the time the 300th aircraft was sold. crease Pan Am’s schedule be the sale of Pan Am’s 50 per cent “Since these royalty payments are to continue for a 15-year tween U.S. and Australia to interest in Panagra. Including period, they will go on well beyond the 300th delivery, and will daily service and will provide Pan American will inaugurate this item, net income totaled the only service between Nou its All-Cargo Service between $83,734,000 or $5.37 compared to produce a return on the government investment comparable to mea and both Honolulu and California and Europe on May 2, the 1965 net, including an ex levels normally received by industry,” Mr. Tipton said. Thus, the U.S, SST program “will help insure our well Pago Pago. Norman P. Blake, Senior Vice traordinary item of $4,800,000 Pan Am offers a special 28- President-Traffic and Sales, an or 33 cents resulting from the being domestically and internationally today and in the decades ahead. It will offer a clear return in terms of employment and day round-trip excursion fare nounced. discontinuance of self-insurance, in recovery of the investment with interest to the U.S. of $756 from the West Coast to The new service will provide totaled $52,075,000 or $3.61 a “It meets every test of an essential national undertaking,” Sydney, with passengers per direct cargo flights from both share. Mr. Tipton concluded. mitted to stop over at Honolulu San Francisco and Los Angeles Operating revenues, excluding and all the South Pacific points to Glasgow, London, Frankfurt, served by Pan Am. In addition Stuttgart, Munich, and Amster Inter-Continental Hotels Corp. and the affiliated companies, rose to those already named, these dam, he said. to $840,967,000 vs. $708,971,000. points include Auckland, New The new flight will offer the The year 1966 was the Com Zealand; Nandi, Fiji and Pa first All-Cargo Service between peete, Tahiti. Noumea will also California and Glasgow, Amster pany’s best year in sales, earn be a stopover site. dam, Stuttgart, and Munich. ings, and traffic. Other highlights of the report The new service will enable a Westbound service also will be traveler at Noumea to travel provided for the first time from included: eastward to Paris on Jet Clip Beirut, Vienna, and Brussels. **NATIONAL INTEREST — pers for the same fare as a Pan Am Jet Clipper Cargo Pan Am operated the major part flight to that European city via Flight 160 will leave San Fran of the civil airlift transporting HONOLULU—The Hawaii Visitors Bureau predicts th at Asia and stop over at California cisco at 7 A.M. and Los Angeles supplies, medical assistance, mail and New York before continuing at 10 A.M. Fridays, and Flight and personnel across the Pacific nearly one million tourists will visit Hawaii during 1967— the trip. 164 will leave San Francisco at to Vietnam. At year end approx nearly one-third more than in 1966. The Bureau expects 925,000 visitors this year, 220,000 The one-way economy class 6 P.M. and Los Angeles at 9 P.M. imately one fifth of the Com or 31 per cent more than last year. Noumea-Paris fare is $708.40. on Tuesdays. pany’s long-range jet airlift was The anticipated total for 1967 more than doubles the The one-way fare between Nou After intermediate stops in devoted to this service. 429.000 of only four years ago, and is more than ten times the mea and the U.S. West Coast is Chicago, Detroit and New York, ^B U SIN E SS JETS — The 91.000 visitors of 1954. $454.70. the Friday departure will arrive Part of the big increase will Pan Am first inaugurated in London, Amsterdam, Frank company has increased its order service to New Caledonia with furt, Stuttgart, and Munich. The to 160 Fan Jet Falcons with result from the Rest and Re a Boeing B-314 flying boat in Tuesday departure will make the options for 40 more. Of these 62 habilitation flights Pan Am is 1940. The service was suspended same stops in the United States have been sold in the U.S. and operating to Hawaii from South in 1951 because of runway and will serve Glasgow, London, Canada, principally to corpora- Vietnam every day. The Hawaii Visitors Bureau (Continued on Page 5) and Frankfurt. problems at Noumea. expects the total of servicemen arriving on the R&R flights for five days away from the fighting The past Easter Holiday in zone to reach 74,000 for 1967. Berlin provided the Internal Wives, other family members German Service the oppor and sweethearts flying to Hono tunity to stack up some new lulu to join the military men passenger records. will bring the total of visitors Beginning on March 22 associated with the R&R pro through March 28 a total of gram to over 100,000. 48,242 passengers flew in and The U.S. State Department has taken a small but significant step to relax visa require Robert C. Allen, executive out of Berlin on 526 flights. vice president and managing The record day was Thursday, ments to encourage more travel from foreign countries to the U.S.A. Beginning today citizens of 24 selected countries may get lifetime visas to visit the U.S. director of HVB, says that even March 23 when 10,219 passen with the dramatic increase in gers traveled through Tempelas tourists or on business, instead of visas for four years. visitors to Hawaii, accommoda hof on 86 flights. The move falls far short of tions will be available for all During the Easter season recommendations made by Pan of the United Nations’ designa a new one every four years. And when his passport expires, visitors. At least 1,328 new hotel last year the record day was Am and the travel industry, but tion of 1967 as International he can have the visa re-stamped rooms will be ready by July, set on April 7 with 10,054 a State Department spokesman Tourist Year. bringing Hawaii’s total capacity passengers on 114 flights. The The change is not far-reach in his new passport. said “it is the first time we have to 103,487 visitors per month, last record day was on June Nor does the fact that the visa done it, and we consider it im ing. The traveler still has to apply for and get a visa. But it has no cutoff date mean the based on an average stay of ten 4, 1965 when 10,084 passen portant.” He said liberalization of travel does not expire, so he does not traveler can remain in the U.S. days. HVB predicts that the gers flew in and out of Berlin on 125 flights. (Continued on Page 9) (Continued on Page 3) controls was done in recognition have to apply all over again for SST Will Double Jobs on Airlines New Caledonia Rejoins System After 16 Years Cargo Jets to Link Europe, W est Coast Expect Million to See Hawaii in'6 7 IGS Traffic Sets Passenger Record On Easter Holiday Visas to Visit Now Good fo r a Lifetime |
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