AVIATION: Foreign Competition

After eight months of hesitation, the Civil Aeronautics Board last week finished what it started in September (TIME, Sept. 28): authorized five foreign air lines to fly passengers, mail and express in & out of the U.S. to & from Caribbean and Central American points.

Thereby a man named Lowell Yerex, a New Zealander who looms large in Central American air transport, realized a long-standing ambition. Two of his companies got CAB temporary operating certificates: British West Indian Airways, which he turned into a ferry for U.S. Army engineers and materials between Miami and Trinidad, and his principal enterprise, TACA, S.A.,...

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