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Article: The Seattle Times Business Newsletter Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 15, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Stephen H. Dunphy, The Seattle Times Knight Ridder/Tribune Business News
Oct. 15--In the early 1950s, the U.S. had 80 percent of the commercial-airplane market and more than half of that was from Douglas, not Boeing. The DC-7 was the definitive prop model of the industry -- DC stood for Douglas Company before it became McDonnell Douglas in a merger in the 1960s.
Douglas, however, watched and waited to see how the new jet-transport business might develop. This was the opening Boeing was looking for. In 1954 Boeing introduced its new passenger-jet aircraft, the Boeing 707, an airplane that used the same basic design specifications as the B-52 the ...