AVIATION: Transatlantic Daredevil

For five years American Export Airlines was the only U.S. airline without a transport plane. Now it has the planes, but no Government mail contract. So last week it was steeling itself for a daredevil stunt: transatlantic service without a subsidy.

Excepting a mail contract, Am Ex has all the musts for transatlantic flying. Last week it proudly showed newsmen one near-finished $700,000 flying boat, the hulls of two sister boats abuilding in United Aircraft's Vought-Sikorsky plant. Besides these, Am Ex has CAB approval of its proposed New York-to-Lisbon run; the State Department has guaranteed landing rights in Lisbon; it has...

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