Business & Finance: Mid-Air Collision

When CAB Examiner Thomas L. Wrenn recommended that Pan American World Airways be allowed to buy American Overseas Airlines and fly A.O.A.'s transatlantic routes (TIME, Jan. 2), he expected trouble. But neither he nor anyone else expected the rip-roaring row that raged in Washington last week.

Two of CAB's own lawyers, James L. Highsaw and William F. Kennedy, who had been assigned to represent the public interest at the hearings, lambasted Wrenn's report, chiefly on the ground that the merger would make Pan Am too powerful a competitor of T.W.A., the third U.S. North Atlantic carrier. Three Justice Department lawyers, who had...

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