AVIATION: Boeing's New Jet

AVIATION Boeing's New Jet United Air Lines, the nation's second-largest carrier (first: American Airlines), took another step into the jet age. Last week it ordered ten Douglas DC-8 long-range and eleven new-type, Boeing 720 medium-range jet aircraft to be delivered in 1960. Total cost: $100 million, to be added to the $175 million worth of DC-8s ordered for delivery in 1959. To finance the new jet order, United got an additional $100 million in credit from a syndicate of 36 banks headed by Manhattan's First National City Bank.

The order ended a heated race among the nation's major planemakers to bring...

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