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To take the American Airways job, Col. Rickenbacker resigned the vice-presidency of General Aviation Corp. (General Motors affiliate) in which his prime job had been to sell Fokker planes. (Since the withdrawal of stormy "Tony"' Fokker, General has quit building the Fokker line.) Hainer Hinshaw had headquarters in Washington where he was one of aviation's most potent lobbyists. He has joined United Air Lines. Vice President Ricken-backer's headquarters will be in Manhattan but his duties may take him frequently to the Capital.
With Cord off the scene, Ludington Lines remains the biggest of the independents. Conversations concerning the absorption of Ludington by "pioneer" Eastern Air Transport last week had led nowhere.
In the past fortnight four big aviation companies reported earnings as follows:
1931 1930
Aviation Corp. $3,205,600 (loss) $4,703,600 (loss)
United Aircraft & Transport 2,907,500 3,302,200
Curtiss-Writght 4,126,000 (loss) 9,012,900 (loss)
Pan-American Airways 105,400 305,200 (loss)