With a banker's cold, purposeful look in his eye, Chairman Lord Knollys of Britain's Vickers Ltd. came to the U.S. to deliver a surprising warning last week to Capital Airlines, the fifth largest U.S. trunk line. If Capital did not immediately pay the $12 million in arrears to Vickers on the purchase of 60 Viscounts, Vickers would foreclose the $33.8 million mortgage it holds on Capital's entire fleet of 90 planes, thus put the line out of business. Capital, caught off guard by Vickers' move, did not get word of it until...
To continue reading:
or
Log-In
