AVIATION: Pistons & Profits

For the U.S. commercial aviation industry last week, the ceiling looked unlimited. Pan American World Airways announced a $110 million order with Douglas Aircraft for 40 of its speedy (365 m.p.h.) piston-engined DC-7s, the biggest order ever placed by an airline with a single manufacturer. Two days later, Northwest Airlines ordered another 14 Douglas planes costing $28 million. Together, the two boosted Douglas' backlog to 156 planes, worth more than $500 million, the highest figure in its history. At rival Lockheed, orders were on hand for $225 million worth of Constellations.

The big Douglas and Lockheed orders meant that U.S. airlines...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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!