Aviation: China Swashbuckler

Somewhere between Miami and India last week was a mystery man of U.S. aviation; a man who has concocted one big international aviation deal after another, yet is almost unknown to U.S. citizens. His name: William Douglas Pawley. His business; dabbling in anything that flies —usually at a profit.

Swashbuckling Bill Pawley started his fabulous career at 18, when he wangled a job with a New York export firm selling diving suits to Venezuela pearl divers. Since then he has led an up-&-down life that would fill several dime thrillers, has got rich and...

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