AVIATION: North & South Merger

Like the birds, vacationers fly south in the winter and north in the summer. No one follows their flight more closely than National Airlines President George T. Baker. His passenger traffic reaches a peak in winter on its main-line run from New York to Miami, but it slumps during the summer. Last week Baker made a deal to give National a big payload the year round and move it up from tenth to eighth largest U.S. airline. (It ranks an estimated fifth in net operating income among domestic airlines.) National will buy Colonial Airlines for $7 million worth of...

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