May 7 1965
From The Space Library
U.S.S.R. launched COSMOS LXVI with scientific instruments aboard for investigation of outer space, Tass announced. Orbital data: apogee, 291 km. (180.7 mi,) ; perigee, 197 km. (122.3 mi.) ; period, 89.3 min,; inclination, 65°. All systems were functioning normally. (Tass, 5/7/65)
The President of Aerospace Corp, Dr. Ivan A. Getting, replying to Comptroller General Joseph Campbell's charges that Aerospace had spent $22 million to build new facilities in California when Government space was available, told the House Armed Services Special Investigations Subcommittee that the separate buildings assured "the financial independence and stability to enable the corporation to perform its mission," and that the construction would be paid for with earnings from Government contracts and fees. Chairman of the Subcommittee Rep. Porter Hardy, Jr. (D-Va,), said that the hearings had revealed "startling deficiencies in the control of public funds made available to Aerospace." (AP, NYT, 5/9/65, 76)
Civil Aeronautics Board approved a United Air Lines plan to lease eight Boeing 727-22 jet airliners from a group of 22 banks rather than buy them directly from Boeing, United told the CAB, in applying for approval of the new agreement, that the lease arrangement would give it the use of the planes on a cost basis substantially more favorable than if it leased the planes some other way or financed their purchase through commercial bank borrowings. Each plane would be leased to United for 13 yrs, from date of delivery. (WSJ, 5/7/65, 6)
Civil Aeronautics Board request for $2.1 million in subsidies for commercial helicopter lines in New York, Chicago, and Los Angeles, to be paid during July-December period, was denied by House Appropriations Committee. (WSJ, 5/7/65, 2)
Pan American Airways announced it would purchase four additional Boeing 727 jet aircraft, bringing its Boeing purchase program total to 19. (WSJ, 5/7/65, 3)
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