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Saturn Airways
IATA ICAO Call sign
KS(1)[1] KS(1)[1] SATURN
Founded1 January 1948 (1948-01-01)
incorporated in Florida as All American Airways
Ceased operations30 November 1976 (1976-11-30)
merged into Trans International Airlines
Operating basesOakland, California
Fleet sizesee Fleet
HeadquartersOakland, California
Miami, Florida
United States
Key peopleHoward J. Korth
Notes
(1) IATA, ICAO codes were the same until the 1980s
DC-8-54F at Los Angeles 1970
DC-6B San Diego 1963

Saturn Airways (ICAO designator: KS, and Callsign: Saturn) was a US supplemental air carrier, overseen by the Civil Aeronautics Board (CAB), the now-defunct Federal agency that, at the time, tightly regulated almost all US air transport. Saturn merged into Trans International Airlines in 1976. From 1965 onward Saturn was majority owned by Howard Korth, who previously controlled AAXICO Airlines, which merged into Saturn in 1965. Originally a Florida company, Saturn moved to Oakland, California in 1967 where its headquarters were located on the grounds of Oakland International Airport.[2]

History

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The company was initially an irregular air carrier known as All-American Airways based in Miami, unrelated to the local service carrier All-American Airways that became Allegheny Airlines (later US Airways). The company was incorporated in Florida as of January 1, 1948.[3] In 1953, the airline had two C-46 aircraft and had breakeven financial results on $425,714 of revenue, 99% of which was passenger revenue, 87% military revenue.[4] See External links for a photo of an All American Airways C-46.

In 1960 the airline changed its name to Saturn Airways[5] and began operating Douglas DC-6s. Saturn bought larger DC-7Cs in 1963 from BOAC[6] and operated them on transatlantic passenger charter flights. On 5 November 1965 Saturn acquired AAXICO Airlines, in a merger where the surviving management and ownership was from AAXICO, making it effectively an acquisition by AAXICO.[7][8] In 1967 the airline moved from Miami to Oakland.[9]

In December 1967[10] and January 1968 Saturn took delivery of two Douglas DC-8 Super 61CF jets. This allowed it to operate transcontinental cargo and passenger charter flights, some of which included military flights to South Vietnam. Between 1968 and 1974 it had two DC-8 Series 50 planes in its inventory and added a third Super 61CF in 1972. In May 1972, Universal Airlines, also based at Oakland airport, collapsed. Saturn added nine former Universal Lockheed L-188 Electra aircraft to its fleet, taking over Universal's military transport obligation.[11] Saturn also operated nineteen Lockheed Hercules aircraft.

Saturn specialized in unusual cargo, including the Triple Crown-winning racehorse Secretariat, a limousine for Archbishop Makarios of Cyprus, and satellite communication equipment for the 1972 visit by Richard Nixon to China, the first time a US commercial air freight flight landed in mainland China in over 20 years.[12] Saturn also delivered Rolls-Royce engines (in the UK) to Lockheed (at Palmdale) for the L-1011 program using Lockheed L-100 Hercules, and had a special CAB certification to do so.[13]

Saturn Airways Financial Results, 1966 thru 1976(1)
USD 000 1966[14] 1967[15] 1968[15] 1969[16] 1970[17] 1971[18] 1972[19] 1973[20] 1974[20] 1975[21] 1976(2)[21]
Operating revenue:
Military charter 22,366 19,932 22,884 14,788 13,074 17,347 24,603 34,176 38,013 39,232
Civilian charter 4,256 2,057 9,925 12,261 10,712 13,695 25,392 35,861 33,854 21,772 20,094
Other 0 32 28 87 (458) (987) (207) 3,094 1,927 532
Total 26,622 22,022 32,836 27,136 23,328 30,055 47,511 60,259 71,914 61,712 59,857
Op profit (loss) 4,401 1,704 5,030 (386) 957 1,679 4,413 5,925 6,557 9,160 11,066
Net profit (loss) 2,100 2,287 3,734 162 557 534 2,541 4,913 5,311 6,206
Op margin (%) 16.5 7.7 15.3 -1.4 4.1 5.6 9.3 9.8 9.1 14.8 18.5
Industry rank(3) 5 5 5 6 6 6 4 4 4 4 4
(1) Airline only, as filed with the CAB (2) 11 months ending November (3) Among supplemental air carriers, by revenue

Trans International Airlines merger

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DC-8-61CF Chicago 1971
L-100 Hercules at Pisa in the 1970s

Saturn merged into Trans International Airlines (TIA) on November 30, 1976,[22] making Trans International the largest air cargo operation at the time. A significant motivation in the merger was for Howard J. Korth, CEO and 84% owner of Saturn to step back after over 30 years in the industry. Korth had previously been the 96.5% owner of AAXICO.[7] In approving the TIA merger, the CAB went against the recommendation of its own administrative law judge and its own internal Bureau of Operating Rights, both of which recommended against the merger on competitive grounds. The Board itself, however, saw the two companies as largely complementary. In the year ending September 30, 1974, TIA made 84% of its revenue from passenger travel, whereas Saturn's revenue was 64% air-freight, and, moreover, its only passenger aircraft were currently parked, due to the weak state of the passenger charter market. The CAB saw the combined company as better able to compete against both foreign carriers and US scheduled carriers. The CAB noted Saturn's highest-among-supplementals profits (even above that of TIA, which was almost twice the size of Saturn by revenue), despite being only the fourth largest in revenue.[13] In 1975, TIA's revenues were $123.5mm (over $720mm in 2024 dollars) whereas Saturn's were $65.9mm (over $400mm in 2024 dollars).[23]

The merger took over two and a half years to arrange and consummate. The possibility was first disclosed April 1974 when the terms were 1.8 million shares of TIA-parent Transamerica Corporation valued at $15 million.[24] The process was still ongoing in 1976, and as shown in the table above, Saturn's profitability improved greatly during that time. Korth renegotiated the transaction to almost 2.6 million shares of Transamerica[25] which, when the deal closed in November 1976, was worth $35 million (over $190 million in 2025 terms).[22]

Fleet

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At the time the merger with AAXICO was being evaluated by the CAB, Saturn had eight Douglas DC-7Cs, six of them leased, two of them owned.[7]

December 1967:[26]

As of August 1971:[27]

At the time the merger with Trans International was being evaluated by the CAB, Saturn had:[13]

Accidents and incidents

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See also

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Wikimedia Commons has media related to Saturn Airways.

References

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  1. ^ a b Contractions (Report). Federal Aviation Administration. 1 January 1969. p. F-4. hdl:2027/ufl.31262091395045.
  2. ^ "World Airline Directory." Flight International. March 20, 1975. 500.
  3. ^ "opencorporates.com Florida incorporation record for Saturn Airways". opencorporates.com. opencorporates. Retrieved 19 August 2024.
  4. ^ The Large Irregular Air Carrier Industry in 1953 (Report). Washington, DC: Air Transport Association of America. 15 December 1954. p. B-12. hdl:2027/uc1.c100995252.
  5. ^ "All-American Airways, Inc., Reissuance of Certificate to Saturn Airways, Inc". Civil Aeronautics Board Reports. 32. Washington, DC: U.S. General Printing Office: 1299–1304. October 1960 – January 1961. hdl:2027/osu.32435022360416.
  6. ^ BOAC sells planes in U.S. Western Daily Press, 10 April 1963
  7. ^ a b c "Saturn-AAXICO Merger Case". Civil Aeronautics Board Reports. 43. Washington, DC: U.S. General Printing Office: 150–173. July 1965 – January 1966. hdl:2027/osu.32437011658313.
  8. ^ "Saturn Airways, Control by Korth". Civil Aeronautics Board Reports. 49. Washington, DC: U.S. General Printing Office: 824–827. August–December 1968. hdl:2027/osu.32437011658016.
  9. ^ Saturn Arrives In Oakland Sky Oakland Tribune, 22 October 1967
  10. ^ Giant Jet Delivered To Saturn, Oakland Tribune, 28 December 1967
  11. ^ "Universal Suspends Operations, Shifts Charters to TIA, Saturn". Aviation Week and Space Technology. 72 (11): 32. 15 May 1972. ISSN 0005-2175.{{cite journal}}: CS1 maint: date and year (link)
  12. ^ Saturn Airways Thrives On Industrial Drama, Camden (NJ) Courier-Post, 24 December 1973
  13. ^ a b c "TIA, Acquisition of Saturn". Civil Aeronautics Board Reports. 70 Part 1. Washington, DC: U.S. General Printing Office: 92–164. March–June 1976. hdl:2027/osu.32437011657950.
  14. ^ Air Carrier Analytical Charts and Summaries, Including Supplemental Air Carrier Statistics (Report). Vol. IX-4. Civil Aeronautics Board. 31 December 1967. p. 27. hdl:2027/osu.32435066764275.
  15. ^ a b Air Carrier Analytical Charts and Summaries, Including Supplemental Air Carrier Statistics (Report). Vol. X-4. Civil Aeronautics Board. 31 December 1968. p. 27. hdl:2027/osu.32435066764325.
  16. ^ "Supplemental Airline Revenues and Expenses—Year 1969". Aviation Week & Space Technology. 92 (17): 47. 27 April 1970. ISSN 0005-2175.
  17. ^ "Supplemental Airline Revenues and Expenses—Year, 1970". Aviation Week & Space Technology. 94 (18): 30. 3 May 1971. ISSN 0005-2175.
  18. ^ "Supplemental Airline Revenues and Expenses—Year, 1971". Aviation Week & Space Technology. 96 (24): 31. 12 June 1972. ISSN 0005-2175.
  19. ^ "Transatlantic Route Proceeding and Supplemental Renewal Proceeding". Civil Aeronautics Board Reports. 72. Washington, DC: U.S. General Printing Office: 415. December 1976 – February 1977. hdl:2027/mdp.39015023949558.
  20. ^ a b Supplement to the Handbook of Airline Statistics, Covering Calendar Years 1973 and 1974 (Report). Civil Aeronautics Board. November 1975. p. 79. hdl:2027/uc1.31822024247041.
  21. ^ a b Supplement to the Handbook of Airline Statistics, Calendar Years 1975 and 1976 (Report). Civil Aeronautics Board. December 1977. p. 75. hdl:2027/uc1.31822008525891.
  22. ^ a b Saturn, TIA Merge, Oakland Tribune, 1 December 1976
  23. ^ "TIA, Saturn Merger Approved By CAB". Aviation Week and Space Technology. 104 (13): 27. 29 March 1976. ISSN 0005-2175.{{cite journal}}: CS1 maint: date and year (link)
  24. ^ T A Will Acquire Saturn, Oakland Tribune, 26 April 1974
  25. ^ Transamerica ups Saturn offer, San Francisco Examiner, 21 June 1976
  26. ^ Federal Aviation Administration (1968). FAA Statistical Handbook of Aviation (Report). Washington, DC: U.S. Government Printing Office. p. 164. hdl:2027/osu.32435030758411.
  27. ^ Regulation of Rates and Practices of Air Carriers and Foreign Air Carriers. Hearings Before the Subcommittee on Aviation of the Committee on Commerce, United States Senate, Ninety-Second Congress, First Session, on S. 2423 (Report). Washington, DC: U.S. Government Printing Office. 1972. p. 251. hdl:2027/uiug.30112002853734.
  28. ^ Resume of U.S. Air Carrier Accidents, Calendar Year 1951 (Report). Civil Aeronautics Board. April 1952. p. 16. hdl:2027/uc1.c2577763.
  29. ^ "Runway excursion Accident Curtiss C-46F-1-CU Commando N3908B, Saturday 11 August 1951". aviation-safety.net. Retrieved 28 November 2024.
  30. ^ 2 Hurt As Plane Goes Off Runway, The Central New Jersey Home News, 11 August 1951
  31. ^ Unlucky Landing, Oakland Tribune, 25 January 1967
  32. ^ "Accident Douglas DC-6 N74841, Tuesday 24 January 1967". aviation-safety.net. Retrieved 28 November 2024.
  33. ^ 3 Killed in Crash Of Military Plane, Austin (TX) American, 1 February 1967
  34. ^ "ASN Aircraft accident Douglas DC-6A N640NA San Antonio International Airport, TX (SAT)". aviation-safety.net. Retrieved 28 November 2024.
  35. ^ "Accident Lockheed L-100-20 Hercules N9248R, Saturday 10 October 1970". aviation-safety.net. Retrieved 28 November 2024.
  36. ^ Aircraft Accident Report, Saturn Airways, Inc., Lockheed L-382, N14ST, Springfield, Illinois, May 23, 1974 (Report). Washington, DC: National Transportation Safety Board. 22 January 1975. hdl:2027/coo.31924004281170.
  37. ^ "Aircraft accident Lockheed L-100-30 N14ST Near Springfield, IL". aviation-safety.net. Aviation Safety Network. Retrieved 28 November 2024.
  38. ^ 4 Die in Saturn Plane Breakup, Oakland Tribune, 24 May 1974
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