Like fighters after a 15-round draw, both sides thought that the battle for T.W.A. had gone far enough. Company President Jack Frye finally realized that T.W.A. could not get the money it needed without the cooperation of majority stockholder Howard Hughes. And headstrong Howard Hughes realized that he could not try CAB's patience much longer with his obstructionist tactics.

So Hughes sat down last week to discuss a compromise with his onetime friend Jack Frye. Present at some meetings of the three-day peace conference was CABoss James M. Landis. He pointedly reminded Hughes and Frye that a major airline was...

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