Government Guarantee of Loans to Certain Air Carriers: Hearings Before the Aviation Subcommittee of the Committee on Interstate and Foreign Commerce, United States Senate, Eighty-sixth Congress, Second Session, on S. 2774, a Bill to Foster the National Defense, the Postal Service, the Development of Civil Aeronautics, Air Commerce in the United States and Abroad, and for Other Purposes, by Providing for Government Guarantee of Loans to Certain Air Carriers for Purchase of Efficient, Newly Developed, Modern Cargo Aircraft and Components of a Cargo Airlift System ...U.S. Government Printing Office, 1960 - 545 pages |
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Common terms and phrases
A. S. Mike Monroney AAXICO Airlines air carriers Air Force Air Parcel air transportation aircargo industry airframe airfreight airlines all-cargo American American Airlines available for movement aviation believe bill BREWER Burnelli cargo airplane cargo plane CELLA cents a ton-mile certificated Chairman Civil Aeronautics Board civilian commercial carriers committee competition date shipment Department of Defense direct operating costs domestic DOUGLAS DURFEE economic engine equipment financing fleet Flying Tigers freight going Government guarantee guaranteed loan HEWITT interest LAUSCHE legislation load loan guarantee manufacturers MATS MCGUIRE ment million modern cargo aircraft move passenger payload percent PRESCOTT present purchase QUESADA question reasonable Riddle Airlines route scheduled Senator COTTON Senator ENGLE Senator LAUSCHE Senator MONRONEY Senator SCHOEPPEL Slick Airways statement subcommittee subsidy talking TAYLOR thing tion traffic turbofan turboprop United V. A. JOHNSON
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Page 159 - III. (4) Whenever in any such investigation the Commission, after full hearing, finds that any such rate, fare, charge, classification, regulation, or practice causes any undue or unreasonable advantage, preference, or prejudice as between persons or localities in intrastate commerce on the one hand and interstate or foreign commerce...
Page 159 - ... shall prescribe the rate, fare, or charge, or the maximum or minimum, or maximum and minimum, thereafter to be charged, and the classification, regulation, or practice thereafter to be observed, in such manner as, in its judgment, will remove such advantage, preference, prejudice, or discrimination.
Page 411 - Secretary as possessing the ability, experience, financial resources, and other qualifications necessary to the adequate operation and maintenance of the mortgaged property...
Page 157 - ... guaranteeing agencies") , without regard to provisions of law relating to the making, performance, amendment, or modification of contracts, to guarantee in whole or in part any public or private financing institution (including any Federal Reserve bank), by commitment to purchase, agreement to share losses, or otherwise, against loss of principal or interest on any loan...
Page 158 - In the event of any default on any such guaranteed loan, and payment in accordance with the guaranty by the United States, the Attorney General shall take such action as may be appropriate to recover the amount of such payments, with interest, from the defaulting carrier, carriers, or other persons liable therefor.
Page 158 - ... that the prospective earning power of the applicant and the character and value of the security offered are such as to furnish reasonable assurance of the applicant's ability to repay the loan within the time fixed therefor...
Page 162 - June 1, 1935, over the route or routes or within the territory for which application Is made and has so operated since that time, or if engaged in furnishing seasonal service only, was In bona fide operation on June 1, 1935, during the season ordinarily covered by its operation...
Page 161 - Act, as amended, is amended by striking out the period at the end thereof and inserting in lieu thereof a colon and the following: “Provided further, That...
Page 13 - ... to maintain and continue the development of air transportation to the extent and of the character and quality required for the commerce of the United States, the Postal Service, and the national defense.
Page 161 - Not exempt': Provided further, however, That notwithstanding the preceding proviso the words 'property consisting of ordinary livestock, fish (including shell fish), or agricultural (including horticultural) commodities (not including manufactured products thereof...