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Show owe, ib mm ie s nEmms bach I mmIE'faAIII&POTMOmil$ME 000 to come from retained earnings, earn-ings, additional investment, or additional loans. I might point out that only 1.9 per cent of total industry airline revenues last year came from subsidy, and the twelve trunk lines are virtually subsidy free, so we are not looking look-ing to the government for direct financial assistance. "There are also those who allege al-lege that the airlines do not pay enough for the support of airports. air-ports. In airport landing fees and in airport rentals alone, we paid as much as we retained as net profit for the year. It is often forgotten that the airport in today's modern city is a vital economic gateway, and truly a community asset of incalcuable worth. In every sense, the nation's na-tion's airport network is an essential es-sential element of our national security. The future of a transportation universally, nationally and locally lo-cally is great indeed. It is almost impossible to express adequately the unbelievable scope of the future fu-ture not only of our business, but its impact on our way .of life. Salt Lake City and Utah civic and business leaders this week were coming out in support of the proposed two and one-half million dollar airport bond issue. Voters will go to the polls Tuesday Tues-day to decide on the issue. In calling attention to the need for better facilities at Salt Lake Municipal Airport, officials said that approval of the bond issue would not mean additional taxes. It was noted that revenues the city receives from operation of . the airport are more . than suf-' suf-' ficient to cover bond payments. Frank B. Streator, chairman of the Citizens Committee for Airport Improvement, said in ex-' plaining need for expanded airport air-port facilities that "Our present , terminal building and facilities ) are woefully inadequate, due to f the tremendous increase in avia- in all of the directions we fly out of Salt Lake City. This will be accomplished by assigning the finest, piston airplane in the world to these routes the DC-6B. DC-6B. In addition to this, we are making plans for the introduction introduc-tion of the jet powered Electra into Salt Lake sometime next year. This, will bring you a completely com-pletely new and significant concept con-cept of air travel. As Mr. Drink-water, Drink-water, our president commented, "this is the finest aircraft of any type ever built." "The Electra is designed to carry between 72 and 100 passengers pas-sengers in luxury-styled accommodations. accom-modations. The airplane will cruise in excess of 405 miles per hour. To give you an example of the scheduled times that we are planning with the advent of this jet aircraft, the flight time from Salt Lake Citv to San Franrisrn tion traffic at tne airport during the past 10 years. The increase has averaged 16 per cent per year. - - - "Furthermore, many major airlines plan to begin using jet aircraft by 1960 or shortly after and our present airport terminal area is physically incapable of taking care of them from the standpoint of parking ramp, taxi strips, runway, etc." In an address before the Salt Lake Rotary Club, Arthur F. Kelly, vice president for . sales, Western Airlines, noted that Salt Lake City, because of its location and importance, is the hub of a vast air route network. He said: i "The geographical location of Salt Lake City, whether by de-i de-i sign or accident, makes it the key inland hub of the western I half of North America, stretch-l stretch-l ing from Alaska to Salt Lake I City and from Salt Lake City to ! Mexico City with an arch that ) includes the Pacific Coast and will be 1 hour 50 minues, Salt Lake City to Denver 1 hour 10 minutes, and Salt Lake City to Los Angeles 1 hour 50 minutes. "Every airline improvement, bigger, faster planes, has inspired increased travel. Thus schedule, airline travel in the world has zoomed from 16,000,000 passengers passen-gers in 1946 to 87,000,000. We reason that the biggest, most exciting ex-citing development ever in airplanes air-planes should produce the biggest big-gest increase in air travel. We feel jets will induce more people peo-ple who had never flown before to fly, and they will lure veteran air travelers to travel farther or go more often. "The U. S. scheduled airline industry plans to invest almost two and one-half billion dollars in the American economy over the next five years. It is interesting inter-esting to note that this investment invest-ment compares to a present book value of airline operating equip-1 ment of sliehtlv more than one billion dollars. To put it another way, the planed air expenditures for the period of 1958-60 represents repre-sents a greater increase over '57 investment than any other major industry. "Where is this money to come from? Well, $512,000,000 has already been spent in progress payments to meet those expenditures. expendi-tures. Additional financing in the amount of $745,000,000 has been arranged. However, this leaves a gap of about $824,000,- Hawaii. "This ocean of air that we are I discussing has no land locked cities, no tunnels to dig, no roads to engineer, no bridges to build, . that is why we call it an 'airport' 'air-port' instead of a terminal a station or a depot. If we are to have a true understanding of the air and its requirements both in the sky and on the ground, we must forget about coast lines and imaginary barriers. "The only obstacle in our great world of air and clouds is the horizon and even that is an illusion. The only mirage we see 1 when flying is fear and lack of understanding and these are gradually diminishing as the world gets smaller and as more emphasis is placed on the peaceful peace-ful use of this ocean of air. "Now that we have developed an area of partial understanding we turn to the subject at hand "New Horizons in Air Transportation." Transpor-tation." . "For the past several years, we at Western Airlines, as your re- !' gional trunk line connecting the major cities of the West, have 1 embarked on a program of air- craft standardization, offering four-engine, pressurized service |