AVIATION: Victory for T.W.A.?

The State Department reluctantly laid down a policy last week for U.S. airlines operating in ex-enemy nations. The policy, over which State has hemmed & hawed for weeks, was forced out by the squabble between Transcontinental & Western Air, Inc. and the British Government. Nub of the dispute: control of Italy's internal airlines.

Last winter T.W.A. signed a contract with the Italian Government under which a new company, Linee Aeree-Italiane Società Perazioni was to get an exclusive franchise to fly internal air routes: T.W.A. was to get a 40% interest in L.A.I. The British demanded that T.W.A. share its interest...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!