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After the world flight Hughes was worth approximately $60 million. He worried, however, that Hughes Aircraft was being outpaced by every other aircraft company. In 1938 he took interest in TWA and began buying stock, eventually acquiring 78 percent of the company. His flight around the world paved the way for the infant commercial airlines, and TWA became one of the first of this kind. Hughes's interest in aircraft design also set the standard for many others to follow. Engineers borrowed from his thinking to improve many planes.
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This section contains 88 words (approx. 1 page at 300 words per page) |
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