AVIATION: Something for Nothing

Juan Trippe's high-flying Pan American Airways last week charted a new course in high finance. Juan Trippe wanted at least $25,000,000 in the next six months to spend on new super-airliners for postwar flying. He was willing to issue more of Pan Am's common stock to raise the money. But he did not want to pay the underwriter's fee for selling the stock, roughly $1,000,000 on a $25,000,000 issue. So he sat down with his old friend, Floyd B. Odium, boss of risk-taking Atlas Corp., who has long hankered to invest more of his corporation's idle cash in airlines. They...

Want the full story?

Subscribe Now


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!