AVIATION: On the Up & Up

When Floyd B. Odium's Atlas Corp. bought control of Consolidated Vultee Aircraft in 1947, it looked as if Speculator Odium had made a mistake. That year Convair lost $32.4 million on its C-24O twin-engine airliner, proceeded to drop about $11 million more on it in 1948. But even before the Korean war began, Convair's B-36 bomber had become the Air Force's intercontinental bomber and Convair began to make money. From war orders, Convair made $3,700,000 in 1949, more than $10 million in 1950.

In 1951, its net dipped to $7,700,000. But last week...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!