AVIATION: Transatlantic Competition

When American Export (steamship) Lines Inc. organized an airline subsidiary in 1937, and announced it was going into the transatlantic trade, the U. S. flying business peeled its eye for developments. For tough, pioneering Pan American Airways, operating around South America and across the Pacific, was getting ready to start service to Lisbon on an Atlantic run. And in all its adventurous pathfinding, Pan Am had had no U. S. competitor to worry about.

Last fall Pan Am set out as an intervener before CAA to block American Export from getting a...

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