In 1929, slight, wiry Lewis C. ("Squeaky") Burwell was washed out of the Army's aviation cadet training program by his superior, Claire Chennault. When World War II came, stubborn Squeaky Burwell got his chance to fly in combat and as a transport pilot in China. One day he found among his passengers General Claire Chennault. "Brother," said Burwell, "you better get out. It's going to be a rough ride." It was.
At war's end, Squeaky Burwell, 37, decided to start an airline specializing in all-expense vacation tours. He raised more than $400,000—some...
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