Boeing 707 / American Freighter Airplane Model

American Airlines Freighter Boeing 707 airplane model. In August 1952, the company took the bold step of gambling some 16 million dollars to build the prototype of a completely new turbojet-powered civil transport. Boeing was sufficiently realistic to appreciate from the very beginning that its large private-venture investment, even in 1952 dollars, was nowhere near the amount that would be needed if large-scale production of a civil airliner was to become a reality. Shrewdly, they developed the initial design to serve as a high-speed military transport, or inflight-refueling tanker, banking upon gaining a military contract which would underwrite the tooling costs and provide finance for the development of a first-class civil airliner. The prototype, known as the Dash-80, flew for the first time on July 15, 1954, and on October 5, 1954 Boeing's gamble paid off, they were awarded an initial contract for 29 KC-135A tanker/transports (the military version of the 707). Then, on October 13,