Vertical Transport Business

Summary

Turbine-powered helicopters mark the most important step taken thus far in the transition from development to business for that segment of the transportation industry which utilises the capability for vertical flight.

Completing more than a year ot detailed study and evaluation, New York Airways recently announced its commitment to purchase ten multi-turbine Vertol 107 aircraft designed to cruise in excess of 150 miles per hour with 25 passengers. They will be introduced into service in the spring of 1961. With these machines commercial revenues could, for the first time, offset all operating charges and produce a fair return on the capital investment—without government financial support. The availability of the Fairey Rotodyne in 1964 will place New York Airways in a position to offer the public a substantially enlarged and even more useful service operating on a business basis.