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,...

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