Business: Fastest Transport

In sending specifications to airlines for its new four-engine jet transport. Boeing Airplane Co. last week disclosed derails of the new plane. The first U.S. entry into the field of jet passenger liners, Boeing's 707 will be the world's fastest and most powerful transport, with a cruising speed of well over 500 m.p.h. v. about 500 m.p.h. for the Comet III, Britain's most advanced passenger jet. It will carry from 60 to 120 passengers, depending on airline requirements.

The 707, scheduled for its first flight next summer, will be powered by four Pratt &...

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