The transatlantic rate war between Britain and Pan American's Juan Trippe was halted last week by an uneasy truce. The terms of the truce were British. But the victory was partly Trippe's. The British will permit U.S. airlines to fly from New York to London 14 times a week (CAB promptly divided the flights evenly between Pan American Airways and American Overseas Airlines). But there were strings attached: U.S. airlines must charge $375 each way, $100 more than Pan Am wanted to charge. And U S. lines could not carry more than 500 passengers a week each way.
The limitation...
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