t me pieomaniTOH DCA District Sales Manager Goes Politicking VOL. VIII, NO. 4 THE BE5T WAY TO TRAVEL — ALL OVER PIEDMONTLAND APRIL, 1966 Board Declares Fourth Semiannual Cash Dividend Another cash dividend was de clared April 20th by the Board of Directors of Piedmont Avia tion, Inc., at the Board’s annual meeting held in Winston-Salem. The dividend, amounting to 10 :;ents per share on the com- ^pany’s common stock, is to be paid June 1 to shareholders of record on May 16. This marks the fourth consecutive semi-an nual cash dividend declared by Piedmont. Report to Stockholders Preceding the Directors’ meet ing was the annual meeting of the company’s stockholders, where President T. H. Davis out lined the company’s progress in 1965, which he labeled an un usually gratifying year from every standpoint. He listed ne- earnings of $1,703,770, or 94 cents per share, for 1965, and he at tributed much of the success of the company to the loyalty and interest of its stockholders. Mr. Davis also reported that the unaudited net income from operations for the first quarter of 1966 was $256,274 as compar ed to $244,210 for the same quar ter last year. The earnings from operations for the first quarter in each year amounted tO' 14 cents per share based on the out standing shares at the end of each period. Retroactive adjust ment for 1961 public service reve nue and related tax effect was recorded as a special debit re ducing first quarter earnings by $123,280 pursuant to the profit- sharing provisions of the sub sidy Class Rate. The net earn ings for the 1966 quarter after the special debit were $132,994. Increases Noted Revenue passenger miles for the quarter increased to 74,234,- 000 from 57,615,000 a year ago, a gain of 29 per cent over the first quarter of 1965. , Also at the Directors’ meeting, all of Piedmont’s officers were re-elected. Directors re-elected by the Order Placed For 10 FH-227B Aircraft Piedmont Airlines has an nounced the purchase of ten new Fairchild Hiller FH-227B twin- propjet airliners. The announcement was made by President T. H. Davis at the annual meeting held April 20th of the company’s stockholders. “Selection of the FH-227B fol lows many months of aircraft evaluation to determine the best aircraft available to complement Piedmont’s fleet of six Boeing 737 jetliners ordered in January and provide better and more effi cient service to the many moder ate size communities on our sys tem,” commented Davis. Traditionally Dependable “The FH-227B, following in the tradition of the dependable F-27, also built by Fairchild and serv ing us so well since 1958, is ideal ly suited for the airport and traffic requirements in these smaller communities.” The FH-227B, similar in ap pearance to Piedmont’s present F-27 propjet airplane of which eight are now in the airline’s fleet, will be six feet longer than providing cabin heating and air- conditioning on the ground as well as in the air and permitting the aircraft to start engines with out exterior power, instrumenta tion for low landing minimums, an advanced cabin pressurization system enabling sea level pres sure to 12,000 feet of altitude, larger propellers, and a 15 per cent increase in useful load over the regular FH-227. Cruising speed of the FH-227B is 300 miles per hour. Like the F-27, the FH- 227B has a high wing design, enabling every passenger to have 221E PiLii:,! stockholders were: President Davis; Vice Presidents Brown, Saunders, Fare, and Northington; Bowman Gray, E. L. Davis, Jr., Charles E. Norfleet, E. L. Davis, Sr., and John F. Watlington, all of Winston-Salem; Glen E. An derson of Raleigh; Frank Dowd, Sr., of Charlotte; and Ralph W. Gardner of Shelby. Stockholders pictured at the recent annual meeting are, from left, Egbert Davis, Sr., Deems Clifton of Clinton, North Carolina and Mrs. Bynum Shaw of Winston-Salem, N. C. Special Version “The new version incorporates many designs and performance improvements resulting from Piedmont and Fairchild Hiller collaboration during the past several months resulting in the ‘B’ model designation. Structure has been strengthened to permit higher gross weight,and payload capability, speed and climb per formance has been improved, and its ability to operate at small airports with full load is much greater than the earlier model.” Other features of the new air plane listed by Saunders include a built-in auxiliary power unit an unobstructed view from his window. The high wing and re sulting lower fuselage also per mit rapid passenger and cargo loading at intermediate stops. Fairchild Hiller's propjet FH-227B is shown here as it will look with Piedmont markings. its predecessor and will have 44- passenger seating arrangement. The new airplane will be power ed by two Rolls-Royce engines, each rated at 2050 horsepower with 525 pounds of additional jet thrust. Gross weight of the aircraft will be 45,000 pounds. Vice President H. K. Saunders pointed out that “the FH-227B represents a still more capable version of the FH-227 which was introduced by Fairchild Hiller last year. Fairchild Comments James T. Dresher, senior vice president and general manager of Fairchild Hiller’s Transport Group, in responding to Pied mont’s purchase announcement, stated that “the FH-227B, the latest in Fairchild Hiller’s family of transport aircraft tailored to the needs of growing regional airlines, brings jet age service to smaller communities. We sa lute Piedmont on this significant forward step and we expect the FH-227B to be the perfect com panion airplane to the jets order ed earlier by Piedmont.” Piedmont’s purchase, repre senting a total investment of $14,000,000, brings to 66 the num ber of transport aircraft ordered so far this year from Fairchild Hiller, based in Hagerstown, Maryland. Delivery Date The first FH-227B will be de livered in December of this year Vital Statistics Of Piedmont's New FH - 227B The following statistical table is a composite Fact and Figure sheet on the recently ordered FH-227 B. Seat Configuration 44 Cabin Width: 8' 4Vi" Cabin Height: 6' 8" Lavatories: 1, rear Galley; 1 rear Passenger Loading: Rear, left Wing Span: 95' 2" Length: 83' 2" Gross Weight: 45,500 Maximum Payload: 13,400 Cargo Capacity: 3,750 lbs. Fuel Capacity: 1,364 usable gallons Engine: Rolls Royce, Wing mounted Dart 7 MK. 532-7 Shaft Horsepower: 2,050 525 lbs. thrust Cruise Speed: 300 mph @ 20,000 ft. Nominal Design Gross Weight: 45.500 lbs. Maximum Flight Gross Weight: 45.500 lbs. Maximum Taxi Gross Weight: 45,700 lbs. Maximum Landing Weight: 45,000 lbs. Zero Fuel Weight: 41,000 lbs. Operating Weight Empty: 27,622 lbs. and it is expected that all ten of the airplanes will be a part of the company’s fleet by August of 1967. The company now has, in addition to eight F-27’s, a fleet of 29 Martin 404 aircraft. “We are confident that the FH-227B, based on our gratify ing experience with the F-27’s, will have even greater earning capability, will provide improved transportation to the communi ties we serve, and will have wide passenger acceptance as has the F-27,” added President Davis. Company Awards Computer Contract The company has awarded a contract to the Univac Division of the Sperry Rand Corporation for a Univac 1004 Computer and 1001 Card Controller. The equip ment is scheduled for delivery on or about June 15. The Univac card computer sys tem will replace the IBM 407 and 609 equipment currently being used. Studies leading to the selec tion of the Univac computer have been underway for approxi mately eighteen months. The company was assisted in this en deavor by the Management Ser vices Division of Ernst & Ernst. Training began on April 26 for converting the data proces sing operations to the Univac equipment. It is estimated that the conversion will be completed around the middle of the year.