Because Postmaster General Farley decreed that no airline holding a mail contract may have a manufacturing affiliate, United Aircraft & Transport Corp., most potent ($30,000,000) U. S. aviation holding company, last week announced plans to split three ways. To take over the assets & liabilities of its various operating and manufacturing subsidiaries three new, independent corporations will be formed —one transport company, one eastern equipment company, one western equipment company. This reorganization was pledged by United when it bid for mail contracts last month. In that scramble it was the most successful...
To continue reading:
or
Log-In
