Business: Reconciliation

It was not exactly love but mutual interests that drew W. R. Grace & Co. and Pan American Airways Corp. together. Grace wanted a better way to get South American wealth from the jungles to its ships on the coast; ambitious Pan Am saw much to be gained through Grace's contacts and capital. Result: Pan American-Grace Airways, organized in 1928 Panagra took on the job of flying the western coast of South America to Buenos Aires For a while Grace steamshippers and Pan Am airmen were happy together. But trouble soon developed between Panagra and one of its parents. Pan Am,...

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!