Business: The British Are Coming

The British aircraft industry, still reeling from the heavy blows of successive Comet crashes, last week bounced off the ropes and back into the center of the ring. After negotiations in London (TiME, June 7), Capital Airlines President J. H. ("Slim") Carmichael, 47, flew back to the U.S. with the news that he was buying a whole fleet of British turboprop transports, expects to start operating them by next April. He bought three Vickers Viscounts, has an option on 37 more, to replace most of his Constellations, DC-3s and DC-4s. Total price: $45 million.

To towering (6 ft. 4 in.) Slim Carmichael...

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

Learn more about the benefits of being a TIME subscriber

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