American Airlines Bond 1980's
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Beautifully engraved Certificate from American Airlines issued no later than 1984. This historic document was printed by the Security Columbian Banknote Company and has an ornate border around it with a hard to find vignette of a man working with the tail of an American Airlines plane in the background. This item has the printed signatures of the company's officers (Albert V. Casey as Chairman) and is over 19 years old.
Certificate Vignette COMPANY HISTORY On the morning of April 15, 1926, a young aviator named Charles A. Lindbergh stowed a bag of mail in his little DH-4 biplane and took off from Chicago for St. Louis. Later that day, he and two other pilots flew three planeloads of mail from St. Louis to Chicago. At the time, Lindbergh was chief pilot for Robertson Aircraft Corporation of Missouri, which was the second aviation company to hold a U.S. airmail contract. It was one of scores of companies that eventually consolidated to form the modern-day American Airlines. The consolidation began in 1929, when The Aviation Corporation was formed to acquire young aviation companies, including Robertson. In 1930, The Aviation Corporations airline subsidiaries were incorporated into American Airways, Inc. In 1934, American Airways became American Airlines, Inc. On May 13, 1934, Cyrus Rowlett Smith became president of American. Except for a period during World War II, "Mr. C.R." continued as chief executive officer until 1968, when he was named U.S. Secretary of Commerce. On June 25, 1936, American was the first airline to fly the Douglas DC-3 in commercial service. By the end of the decade, American was the nations number one domestic air carrier, in terms of revenue passenger miles. On February 16, 1937, American carried its one-millionth passenger. In 1942, American entered the airline catering business with a subsidiary called Sky Chefs providing food service to its passengers, as well as to other airlines. In 1944, American introduced the first domestic scheduled U.S. freight service with the DC-3. As the business grew, Douglas DC-4, DC-6A and DC-7 freighters were put into service in the 1940s and 1950s. During World War II, half of Americans fleet was turned over to the military airline, Air Transport Command, along with the crews who operated all over the world. The remaining fleet and personnel handled a vast increase in demand for air travel within the United States. From 1945 to 1950, American operated American Overseas Airlines (AOA), a trans-Atlantic division, which served a number of European countries Americans first European service. AOA was formed as a result of a merger between the international division of American and a company called American Export Airlines. AOA merged with Pan American World Airways in 1950. In 1946, American established its Tulsa Maintenance & Engineering Base. The end of World War II brought a series of new aircraft to fill the expanded need for air transportation. In 1947, Americans first Douglas DC-6 entered service, followed by the Convair 240 in 1948. By 1949, American had become the only airline in the United States with a completely post-war fleet of pressurized passenger airplanes. In 1948, American introduced the Family Fare Plan to enable families to travel together at reduced rates. It also introduced scheduled coach service, an economical and comfortable alternative to first class travel. In 1952, American introduced the Magnetronic Reservisor to keep track of available seats on flights. In 1953, American pioneered nonstop transcontinental service in both directions across the United States with the Douglas DC-7. In 1957, the worlds first special facility for flight attendant training, the American Airlines Stewardess College, was built in Dallas/Fort Worth. On January 25, 1959, American became the first airline to offer coast-to-coast jet service with the Boeing 707. Also in January 1959, American introduced the Lockheed Electra, the first U.S. designed turboprop airplane. American continued into the jet age with the introduction of the turbofan engine in 1961, another industry first for American, and with the Convair 990 in 1962, also powered by fanjets. At the end of 1959 and into the early 1960s, American, teaming up with IBM, introduced and implemented a Semi-Automated Business Research Environment (SABRE), the largest electronic data processing system for business use. By 1964, the SABRE network extended from coast to coast and from Canada to Mexico. It became the largest real-time data processing system, second only the U.S. governments SAGE system. American added other jets throughout the 1960s and 70s, including the Boeing 727 (1964) and the Boeing 747 (1970), as the older aircraft were retired. Americans last piston engine-powered airplane flight was operated with a DC-6 in December 1966. In 1968, American was the first to order the McDonnell Douglas DC-10, which made its first scheduled flight in August 1971. American gained its first Caribbean routes through a merger with Trans Caribbean Airways in 1970. It expanded those routes throughout the early 70s, including routes obtained in 1975 from Pan American World Airways Inc. In February 1974, Albert V. Casey was elected president and chief executive officer; in April, he also assumed the position of chairman of the board. Also in 1974, American introduced One-Stop Automated Check-in. Americans first Boeing 747 freighter, capable of carrying 221,000 pounds of cargo, went into service in November. In 1975, American began marketing SABRE to travel agencies in the U.S. On April 24, 1977, American introduced the most popular fare in its history, the Super Saver initially offering discount fares from New York and California, it was expanded to all of Americans routes in March 1978 and later to Mexico and Canada. Airline deregulation took place in 1978, and in January
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