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[[Photograph of Airplane]]
Twin Turbine Boeing - Vertol V-107

Hearings on the above issues in the Company's application for renewal were held in New York City in March, 1959 before Chief Examiner Francis W. Brown of the Civil Aeronautics Board.

After examining the detailed evidence as presented by New York Airways and other interested parties, Chief Examiner Brown, in August, 1959, recommended that your Company's operating authority be made permanent and that the then prevailing equipment restrictions be removed.

The full Civil Aeronautics Board in its determination, issued March 17, 1960, affirmed the Chief Examiner's recommendation as to the removal of equipment restrictions. In this respect, the Board declared:
"...if the type of service now being offered by conventional helicopters can be provided more effectively with equipment not technically qualifying as rotary-winged aircraft, there is no sound reason to deny the use of such equipment."

Your Company is accordingly now free to acquire vertical takeoff, short takeoff or other direct-lift aircraft, when, in its judgment, this will prove to be advantageous.

The Civil Aeronautics Board differed with its Chief Examiner as to the matter of permanency of the operating authority for New York Airways. Instead, the Board renewed this franchise for a period of seven years, such award being effective to May 16, 1967.

The Board summarized its findings in this respect by declaring:
"Seven-year renewal of New York Airways' authority should afford the necessary stability to the carrier's operations; will permit inauguration and use in scheduled service of new multi-turbine engine 25-seat helicopters; and affords reasonable period in which to test utility of new aircraft, and to measure benefit to the public of the service against its cost to the Government."

The Board in its decision, in part, also asserted:
"We recognize that the interairport shuttle service and the suburban airport-feeder service offered by New York Airways in the New York metropolitan area provides substantial public benefits and that probable improvement in the carrier's total subsidy position may occur if the larger capacity direct lift equipment presently in the developmental stage proves feasible for commercial use."

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