The nation's fifth biggest and least profitable airline moved another step closer to the time when it will either have to solve its financial woes or turn in its wings for good. To Capital Airlines last week went formal notice that the Civil Aeronautics Board will launch a full-scale investigation into the line's affairs, its unpaid $33.8 million mortgage debt to Britain's Vickers Ltd. for 60 Viscounts, and its mounting losses, which total $5,400,000 for 1960's first quarter, v. $936,878 in 1959. The study will consider whether to merge the line with another carrier, suspend all or part of...
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