AVIATION: TKO for Export?

Since 1937, American Export Lines, Inc. (steamships) has been determined that its airline subsidiary would fly the Atlantic in competition with Pan American's Clippers. Export's ambition has been approved by President Roosevelt, CAB, the Army, Navy and State Department. But last year a $500,000 mail subsidy needed to start the flights was refused by both Senate and House appropriations committees. Last week Export again drew an emphatic thumbs down from the House committee. Since the company now must wait for Congress' next budget bill to try again, and since every defeat makes a reversal less probable, it looked as...

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!