THt pieomoniTOH
Report To
Stockholders
(See Page Four)
VOL. IX, NO. 4
THE BEST WAY TO TRAVEL — ALL OVER PIEDMONTLAND
APRIL-MAY, 1967
In Flight — "It's Beautiful
737 Twinjet Logs
Impressive First Flight
The baby of the Boeing family
of jetliners was only supposed
to take its first step on April
9th, but it walked for hours
instead.
“When I began to rotate the
plane (takeoff) it felt right in
every way,” said Brien Wygle,
the pilot.
The day for the maiden flight
of the 737 began with showers
and low-lying clouds. The new
jet was signed off and the flight
cr_w. took nlane
without a hitch as the sparrow
chasing it pulled up and away,
and the people at the Paine
Field terminal cheered and ap
plauded as it taxied to its park
ing place among other sparrows.
The last-minute tension was
over — the 737 had completed
its maiden flight after a long
afternoon of restless anticipa
tion for groundlings.
The twinjet had been in the
air 2V2 hours and the people at
Paine had waited patiently. They
and many other Seattle-area
residents had craned to see the
TirViOTo ■?+ V*/-I _ /
He was a regular attendant on the meetings of our
Transportation Committee, and during the year 1966
served as the Chairman of this committee. In the fall
of 1965 he was elected to membership on our Board
of Directors, and he was very proud of having been
selected as the only Airline representative ever to be
so honored.
He was a frequent visitor to the office of the
Chamber of Commerce and numbered the entire staff
in his host of close friends. Jim not only served the
Chamber well, but was equally interested in Church
and professional association activities. Above all of
this, he was a devoted husband and father to his
family. His pride and joy was three beautiful daughters
to whom he had given the colorful Irish names of
Colleen, Shannon, and Mavourneen. One had only
to mention his fine family to bring a prideful glow to
his face.
Jim Humphreys was admired by all who knew him,
and while his span of life was comparatively short,
he had used the time allotted to him in the creation
of deep and abiding friendships.
THEREFORE BE IT RESOLVED By the Board of Direc
tors of the Norfolk Chamber of Commerce that in the
passing of James A. Humphreys this Board has lost a
valued Director, our community will miss a great citizen,
the Piedmont Airlines has suffered the loss of a fine
representative, and above all, his family will grieve
for a devoted husband and father.
Adopted unanimously by the Board of Directors of
the Norfolk Chamber of Commerce the 18th day of
April, 1967.
GSP Service
Is Inaugurated
On April 1st
Piedmont started its first ser
vice to the Greenville-Spartan-
burg Airport on April 1st.
The initial schedule showed
six daily flights to the area.
Three of the flights were east
bound departures and three
were west bound. All flights
were operated with Martin 404
equipment on the primary
schedule. Major points served
by the Pacemakers from Green-
ville-Spartanbug include Cincin
nati, Ohio; Norfolk, Virginia;
Knoxville and Tri-Cities (Kings-
port-B ristol-Johnson City),
Tennessee, R a 1 ei g h-Durham,
Greensboro-High Point-Winston-
Salem and Charlotte, North
Carolina.
Station Personnel
Tom Finney, , former New
Bern agent, was named station
manager and Bob Harper trans
ferred from Beckley to become
Chief Agent. The Piedmont tic
ket counter and office located
in the jetport terminal building
is open from 6:00 a.m. to 11:00
p.m. daily.
11'^ pre-in augurei, I’-^HOheon r/as
I pi on March olst in the
ptevens Aviation Hangar at the
GSP airport. Approximately 140
people were on hand to official-
|ly welcome Piedmont to Green-
j^'ille-Spartanburg.
From INT
Company officials who went
down for the luncheon were
President Davis, Vice Presidents
Brown and Saunders, W. G. Mc-
bee, W. W. Barber, T. W. Mor-
:on, R. E. Turbiville, Don Britt
and Betsy Allen.
Stewardesses Marilee Austell,
From Greenville and Barbara
ijlQuinn, from Spartanbug, were
lalso in attendance for the festivi-
|des.
liFor further pictures see page 7.
Stockholders Elect Charles F. Myers, Jr.
To Company Board of Directors
TT' Stockholders of Piedmont Aviation, Inc., elected Charles
. Myers, Jr., to the Company’s Board of Directors at their an-
. meeting held April 19, 1967. Mr. Myers is President and
Chief Executive Officer of Burlington Industries, Inc.
A native of Charleston, West
Virginia, Mr. Myers is a gradu
ate of Davidson College and
Harvard School of Business Ad
ministration. He is married to
the former Rebecca Wright.
With their four daughters, the
Myers live in Greensboro, N. C.
Other Directorships
Mr. Myers is also a director of
Wachovia Bank and Trust Com
pany, Jefferson Standard Life
Insurance Company, Chase Man
hattan Bank and R. J. Reynolds
Tobacco Company. He is cur
rently on the Board of Trustees
Charles F. Meyers, Jr.
. . . New Director . . .
Special Features
In This Issue
* Detailed report of
stockholders meeting
see page four
* Victures from the Azalea
Festival
see page six
* Report on the Airline of
Communist China
see page five
Thoughts
m
New York’s proposed fourth
airport would be 70 miles from
downtown Manhattan. Will they
show movies in the taxicabs?
* * *
There are a lot of completely
educated people in the world
and of course they will resent
being asked to learn anything
new.—Robert Frost
CAMOUFLAGE: Did you he.A BIG WELCOME — was extended to Piedmont by numerous officials
about the new coffee dispense:from both Greenville and Spartanburg. Shown here presenting a plaque
for office use that look exactof appreciation to President Davis are Yancy S. Gilkerson, president of
like filing cabinets? These withe Greenville Chamber of Commerce, center, and Charles R. Saunders,
match up with lots of coffu^gjj^jgpi Spartanburg Chamber of Commerce.
drinkers who look exactly lit ^
office workers.—Borrowed
Philosophy is just
sense in a dress suit.
Detter than I had hoped for.”
commo Continued Success
Boeing flight test is making
^iviation history with its fast
imd efficient testing of the new>
twin-jet. The plane came back
to Boeing Field two nights
later, which meant it completed
preliminary testing — 10 hours
of flying — within two days.
of Davidson College, St. Andrews
College and Chatham Hall School
and is on the Visiting Commit
tee for the Harvard University
Graduate School of Business Ad
ministration.
Board Members
Other members re-elected to
the Board of Directors of Pied
mont Aviation, Inc., include:
Glenn E. Anderson, President
of Carolina Securities Corp.; C.
G. Brown, ,Ir., Vice President
of the Company; E. L. Davis,
Director Emeritus of Security
Life and Trust Company; E. L.
Davis, Jr., President of Atlas
Supply Company; T. H. Davis,
Jr., President and Treasurer of
the Company; W. Frank Dowd,
Chairman of the Board of Char
lotte Pipe and Foundry Com
pany; Ralph W. Gardner, Attor
ney at Law; Bowman Gray,
Chairman of the Board of R. J.
Reynolds Tobacco Company;
Charles E. Norfleet, Business
Consultant; R. S. Northington,
Vice President of the Company;
H. K. Saunders, Vice President
of the Company and John F.
Watlington, Jr., President of
1 Wachovia Bank and Trust Com
pany.
! At the mee^insr Pi-esident
I Davis described 1966 as having
I been “the most successful year
in the history of Piedmont
I Aviation, Inc.” He listed net
consolidated income of $1,922,-
016, or $1,05 per share, for 1966.
Dr. Davis announced that the
unaudited net consolidated in
come of the Company for the
first quarter of 1967 totaled
$141,802, compared to $293,624
for the similar period last year.
The decrease was attributed to
nonrecurring costs of inaugurat
ing new equipment, payroll in
creases, substantial gains in in
terest charges and a decrease in
public service revenues (sub
sidy) from $963,863 for first
quarter 1966 to $624,240 for the
same period this year. Airline
passenger revenues increased 33
per cent over first quarter 1966
and revenue passenger miles
flown in scheduled service
climbed from 73,340,000 to 98,-
052,000, a 34 per cent gain.
Net Income Decline
Mr. Davis also announced that
net income before taxes of the
General Aviation Division of the
Company showed a dramatic in
crease: $255,282 for the first
quarter this year as opposed to
$81,868 for the comparable per
iod in 1966, a gain of 212 per
cent.
The stockholders approved the
adoption of a qualified employee
stock option plan.
Following the stockholder’s
meeting the Board met and de
clared the sixth consecutive
semiannual cash dividend.
™, Amounting to 10 cents per
I share on the Company’s com
mon stock, the dividend is to be
paid June 1 to shareholders of
record on May 15.
Also at the Director’s meeting
all of Piedmont’s officers were
re-elected.
Glenn E. Anderson, President
of Carolina Securities Corpora
tion, was named to the Com
pany’s Executive Committee.
Other members of the Executive
Committee are T. H. Davis,
Charles E. Norfleet and John F.
Watlington, Jr.