The biggest aviation merger in world history was all set and ready to go last week: ingenious, light-plane maker Vultee Aircraft into venerable, bomber-builder Consolidated Aircraft. When officially joined some time this month, the new Consolidated Vultee Aircraft Corp. will be a vast, highflying enterprise with $270,000,000 total assets, annual sales of over $500,000,000, annual profits of roughly $15,000,000. Its line of aircraft, moreover, will include everything from Stinson "flying jeeps" and private planes to deadly Vultee dive-bombers, long-range, four-engined Consolidated Liberator bombers and Coronado flying boats—plus a titanic, semisecret...

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