AVIATION: Sharing the Stick

Howard Hughes likes to fly his own eccentric way, but the time came last week to call in a copilot for T.W.A. To make it possible to get a $40 million RFC loan that T.W.A. had to have to keep flying, Hughes agreed to put his T.W.A. stock (46%) into a voting trust, thus share T.W.A. control with the U.S. Government.

This was the last thing stubborn Howard Hughes had wanted to do (TIME, Jan 6). But RFC had been just as stubborn. Some $19½ million in RFC cash had already been sunk in Hughes's experimental,...

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