Trans-East Airlines Inc. - 1972 dated Aviation Stock Certificate - Very Rare Type
Inv# VS1107A Stock
Stock printed by Security-Columbian Banknote Company. Similar to VS1107 (eagle vignette different). Uncancelled and not negotiable.
Trans East Airlines was an airline that was based in Manchester, New Hampshire, and in New York City during the 1960s. It ceased its operations in 1972. Trans East Airlines was the fixed-base operator (FBO) at Bangor International Airport in Bangor, Maine, beginning in 1968.
Trans East Airlines was formed in 1963 as Statewide Airlines, by two brothers, Norman Kaye and Harvey Kaye. Also in 1963, this airlines was issuing stock under the name, Trans-East Air Inc. Trans East Airlines operated scheduled commuter services from LaGuardia Airport and John F. Kennedy International Airport to Albany, New York; Bangor, Maine; Bedford, Massachusetts; Fitchburg, Massachusetts; Manchester, New Hampshire; Portland, Maine; and Lebanon, New Hampshire. Trans East Airlines also operated the airports at Bethel, New York, and Bangor, Maine. Their head office was at 555 Fifth Avenue, New York, New York. In late 1968 Trans East discontinued their scheduled commuter services, and focused on their fixed-base operator position at Bangor International Airport. At that point, they were renamed Trans East Air International. Read more at https://en.wikipedia.org/wiki/Trans_East_Airlines
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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