Into the select group of scheduled international airlines last week flew a brash, tough newcomer. Transocean Air Lines, Inc., whose home field is Oakland, Calif., made a deal with Venezuela to operate a twice-a-week service between Caracas and Rome. Transocean was no pinfeathered newcomer to flying; it is already the biggest contract carrier in the world. More remarkable, in the money-losing flying business, it has made money ever since it started 2½ years ago. To do so, it has become a jack of all airline trades and a master of several. Some...
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