Corporations: An Airline for Studebaker

Nearly two decades have passed since burly Sherwood Harry Egbert, the flamboyant and forceful president of Studebaker Corp., learned to fly as a Marine Air Transport officer. But "Woody" Egbert is still as fascinated with flight as ever. In fact, says a friend, "the only time he can relax is when he's at the controls of a plane." Last week Egbert's predilection for planes became more than a hobby. Subject to CAB approval, Studebaker announced its purchase of Trans International Airlines, Inc., a profitable California nonscheduled carrier that grossed $6,000,000 last year. The price: $10 million in Studebaker stock.

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