New England Airlines, Inc - Stock Certificate
Inv# VS1041 Stock
Unissued Stock. Printer-Hoffman S. S. & Eng. Co., Boston.
New England Airlines is a regional airline based in Westerly, Rhode Island, USA. With a main base at Westerly State Airport, it provides scheduled service to Block Island and operates charters to other airports along the Northeast coast.
The airline was established and started operations in 1970. New England Airlines has been in continuous service since then, under the same private ownership. It was and is the only scheduled airline with its primary bases of operation in Rhode Island. This was designed to fulfill the loss of service from a short-lived airline called Viking Airways, which folded in the 1960's.
The airline is noted for its provision of cargo delivery services, including Chinese food (and other restaurant orders) delivered from the mainland to the Block Island airport in as little as 90 minutes. The airline only has a half dozen pilots during the winter and over a dozen during the summertime. According to the owner, half of the business comes from charter requests for business workers in the New York area and other locations along the northeast coast.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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