Business: The Air Clears

The international air, long clouded by the Anglo-American squall over commercial flying, began to clear last week.

In Bermuda. British and American representatives to the three-week-old air conference reached broad agreement. The U.S. gave in to British demands that minimum fares on North Atlantic routes be fixed by regional conference of the International Air Transport Association (an organization of 44 airlines of 24 nations), subject to periodic review by the U.S. and British Governments. In return, the British gave up their attempt to limit the number of trips to be flown by U.S. airlines, dropped all opposition to the "fifth freedom of...

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