Of nearly 1,000 shoestring air-cargo lines started by ex-service airmen after World War II, only a handful survived. Last week the two biggest survivors, Robert W. Prescott's Flying Tiger Line, Inc. (TIME, Nov. 5, 1945 et seq.) and Tom and Earl Slick's Slick Airways, Inc. (TIME, Jan. 28, 1946 et seq.), decided to cut the number still more by merging.
If stockholders and CAB approve, the new line, called Flying Tiger-Slick Airways, capitalized at $13 million, will exchange a half share of Tiger common (last week's price: about 9⅞ a share) and one share of a new issue of 5½% convertible preferred...
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