Friday, Jan. 04, 1963
PERSONAL FILE
sb One of Malaya's most ardent bird watchers is British-educated Dato Loke Wan Tho, 47, boss of more than 30 companies with large holdings in copra, rubber, tin, banking and real estate. Currently Loke has a particularly exciting flock under observation. As a public service, he volunteered four years ago to become unpaid chairman of Malayan Airways Ltd. To revive the rundown line, Loke ordered a fleet of Fokker F-27s to replace decrepit DC-3s and leased a BOAC Comet. This week, in cooperation with Hong Kong's Cathay Pacific Airways and Thai International, Malayan will begin to offer 58 weekly flights between major Southeast Asian cities. Unlike Loke's other winged friends, Malayan has proved a profitable hobby, last year had pre-tax earnings of $490,000 on revenues of $15 million.
sb After producing 40,000 fighters for the Luftwaffe during World War II, sharp-featured Willy Messerschmitt fell on hard times, turned unprofitably to making sewing machines and shell houses. Eventually the Bavarian state government moved in to protect $2,250,000 in loans it had made to Messerschmitt. It claimed 46.65% of the company's stock, left Willy an equal amount, and put the remaining 6.7% into trusteeship with the West German government. This week, with Messerschmitt now turning a tidy profit on the manufacture of F-104Gs and Fiat G91s for the West German air force, the government returned the trusteeship shares to Willy. Messerschmitt, now 64, plans to leave management of the company to others, is expected to concentrate on the technical end of such projects as his long cherished dream of building a Messerschmitt civilian airliner.
sb Eyebrows rose all across Japan six years ago when Yonejiro Mori resigned as managing director of giant Mitsubishi Shipbuilding to take command of Sasebo Heavy Industries Co., a smaller shipyard that seemed to be limping toward bankruptcy. But to Mori, who at 63 still retains the spirit he developed as a college oarsman, Sasebo represented an irresistible "sporting challenge." Firing up Sasebo's workers with daily pep talks, he diversified the company into diesel engines, bridges and steel tanks. He capitalized aggressively on the demand for supertankers created by the 1956 Suez crisis. Last July, Sasebo launched the world's biggest tanker, the 131,000-ton Nissho Mam, and last month it got an order for two 95,000-ton tankers from Socony Mobil. Sasebo, which earned $1,030,000 on sales of $30 million in 1961, is now Japan's leading builder of ships for export.
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