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Zooming Airline Revolves Arounlt;By BILL EATON1 Edward J. Daly Isn’t the man be in, but tiroes have chant'd. X tot mtiini*fe»Mftm; afcMfr* nay mm In Bn lank.By that Edward J.Daly It “new.”H* ri» to uakjoe, because underneath R ril 1* is the ridEdward J. Daly as waft. Every big alrttae la Americatoday is beaded by a president,or board chairman. All utodernairline bosses answer to theirstockholders.CHAIRMAN or NOTHINGEdward J. Daly is chairman of nothing, and nominally fresh dent of very little.But be owns World Airwaysof Oakland.He runs it, too.A longtime pilot who knows him arid, “Ed Daly would rather run an airline than be amillionaire.”“That’s accurate,” Daly said. He serins to have done both,*,^a *r» •« »lt;r» T»Jh#n owrwsbinis neouious, spreaa amongstockholders and directors andhighly - paid figurehead presi-JjihA* kak3nA.tyiA.CMmM ill*dents and behind-the-scenes investors.EDWARD J. DALYOne hundred per cent of what?World Airways operates three ft million Boring 707-323C Jetliners eat of Oakland that can— x ■■ fc..- — __x-*»/-■ «•* 'mt AtBoeing 1C model jets at abank-loan price that would scareany airline boss Before the two were broken in, Daly bought a third.• ^n$e*passenger iitld in the Atlantic, ,phi to Europe, Africa, the Middle jOa East and to India ' JTo India. It meant that World was tmly a “world” operation,TfwW* frfttw Hi# p*w+forofboth, andV-DC4A-B airUners.ptoton-engtoeTwo more of (be Boring 1 have ba» ordered by Daly717#employs lt;00 people, will take on another XI in thecoming six months—and another an within a year.Its gross revenues in the first five months of 1165 were $12.3 million. The before-tax profits were $4.5 million. The average profit is $2.5 miifion or half a million dollars a month.LARGE POTENTIAL$36 MILLION GOALDaly thinks be can hit $30 million in revenues in 1965, $20 million of it in military contract Bights, and $10 million in civilian eharter-passenger work.His annual payroll here Is over $5 million.In the 12 months to June 30 his planes had flown 89,756,183,-183 cargo-ton miles. They flew 441,474 passenger revenueWorld’s Capt. Dan McCarthy of Castro Valley dipped 14 mbytes off his I«H record in September 1164 when he flew from Clark AFB in the Philippines to Travis AFB, Calif., In 11 hours, 9$ minutes.Last December, the federal Civil Aeronautics Board opened to the supplemental airlines the “large potential market” of charter passenger flights across the Pacific Ocean, as far west as India.wilorThe reaction on Pacific charter passenger rates was stunning, as the CAB thought it might be when it said, “Competition for these charter services appears to be a healthyand dtakable uu}£Cu*£ which should lead to maximum promotional efforts.”And in April, the CAB gave to World, and the other supplemental airlines, summer-andweetEXPECTS PERMANENCE That summer authority in the Atlantic extends through October. Daly is confident that the CAB will make it permanent.The record-smashing goes on. Last week, a World •07-323C jetflown by Capt William Keating, Daly’s chief Jet pilot, dashed from New York to Tel Aviv in I boors, 17 minutes, in a lease flight for El A1 Israel Airlines. It was a world record.Only Thursday night, Captain McCarthy set a work! record — the first commercial nonstopflight from New York to Honolulu in 10 hours and X minutes.Friday, on that same charter, a World 707 flpwn by Capt. Edward Colon flew nonstop from Honolulu to Baltimore, Md., in 8 hours, 46 minutes, another record, for the 4.855 mile distance.ELEPHANT FOR ZOO(Inenahshi«yinibrScsilreooAiocaOlfl:w.wA4*1biWhile all this was going on,v v ▼*» — 41- 1. » -1- *- /‘■m —7—P!In 1964 Daly ranked 12th among all the world’s air carriers in cargo-ton miles flown.That last is a big figure, because World is only a “supple-JA -k-. s;
Newspaper Details
Oakland Tribune
Oakland, California, US
Sun, Aug 15, 1965
Page 1
Full Page
Clipped by
Robert B.
CA, USA 22 Aug 2020
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