24.06.2010, 20:25
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Skinpack – 2
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Douglas DC-3 = TWA Airlines 1937 – 1939
-- Put in C47 skin folder ---
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Early U.S. airlines like United, American, TWA and Eastern ordered over 400 DC-3s. These fleets paved the way for the modern American air travel industry, quickly replacing trains as the favored means of long-distance travel across the United States.
In 1934, following charges of favoritism in the contracts, the Air Mail scandal erupted, leading to the Air Mail Act of 1934 which dissolved the forced Transcontinental and Western merger and ordered the United States Army Air Service to deliver the mail. The T&WA name, however, would stick with Transcontinental as TWA. With the company facing financial hardship, Lehman Brothers and John D. Hertz took over ownership of the company.
The Army fliers experienced a series of crashes, and it was decided to privatize the delivery with the provision that no former companies could bid on the contracts. T&WA added the suffix "Inc." to its name, thus qualifying it as a different company and got 60 percent of its old contracts back starting again in May 1934.
By 1938, Lehman and Hertz began selling their interest in TWA and General Motors began buying stock. Jack Frye (the new TWA president) then approached another flying enthusiast, Howard Hughes, to buy stock. According to John Keats's biography of Hughes, he grumbled, "$15 million! That's a small fortune!" before he agreed and initially bought 25 percent of the airline.
TWA was once again flying high.
-
Skinpack – 2
-
Douglas DC-3 = TWA Airlines 1937 – 1939
-- Put in C47 skin folder ---
-
Early U.S. airlines like United, American, TWA and Eastern ordered over 400 DC-3s. These fleets paved the way for the modern American air travel industry, quickly replacing trains as the favored means of long-distance travel across the United States.
In 1934, following charges of favoritism in the contracts, the Air Mail scandal erupted, leading to the Air Mail Act of 1934 which dissolved the forced Transcontinental and Western merger and ordered the United States Army Air Service to deliver the mail. The T&WA name, however, would stick with Transcontinental as TWA. With the company facing financial hardship, Lehman Brothers and John D. Hertz took over ownership of the company.
The Army fliers experienced a series of crashes, and it was decided to privatize the delivery with the provision that no former companies could bid on the contracts. T&WA added the suffix "Inc." to its name, thus qualifying it as a different company and got 60 percent of its old contracts back starting again in May 1934.
By 1938, Lehman and Hertz began selling their interest in TWA and General Motors began buying stock. Jack Frye (the new TWA president) then approached another flying enthusiast, Howard Hughes, to buy stock. According to John Keats's biography of Hughes, he grumbled, "$15 million! That's a small fortune!" before he agreed and initially bought 25 percent of the airline.
TWA was once again flying high.
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