Business: Perseverance Wins

American Export Airlines began commercial nights last week on its long-awaited transatlantic service. First to cross was the 30-ton flying boat Excalibur with 16 high-priority passengers, several tons of urgent cargo. Out of luck were dozens of "first flighters" who applied for bookings.

By next month Excalibur, with its sister ships, will provide six transatlantic schedules' weekly as Am Ex joins Pan American and British Overseas Airways as a full-fledged Atlantic operator. Biggest hitch: Am Ex has no U.S. mail contract, main spring of every successful U.S. airline.


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

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!