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-5- the Boeing Company. The approximate time required for the modifications will be somewhere in the vicinity of three to four weeks. It will enable us to remove one aircraft for the total period of the modification program from depreciation and also from in-flight insurance requirements. (The IFR program will, of course, be going forward at the same time.) It seems that there is no possibility of doubt with respect to the need for the eighth aircraft given the requirements for modification and for IFR training. On January 1, 1968, all schedules being operated under IFR conditions will be so operated. In the meantime, we are already operating some regular schedules under these conditions depending upon the availability of qualified pilots. This procedure will be enlarged as more pilots complete their training and are thus qualified. On March 31, 1968, the modification program will be completed as to all eight aircraft. Thus, on April 1, 1968, New York Airways will have available the time generated by the eighth aircraft. It is currently planned to utilize that time on a service between Stamford and Kennedy supported by TWA. However, it is very likely that some other plan, even including the possibility of retiring one of the eight aircraft, will be implemented.
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