Business: PERSONAL FILE

-"We are able to do things better with our own hands." With these nationalistic words, Brazilian Financier Celso Rocha Miranda, 43, took control of Panair do Brasil away from Pan American World Airways. Though Pan Am retained its 30% holdings in Panair, Miranda bought up the other 70%, mostly from Panair's Brazilian directors, for an estimated $5,000,000. A self-made millionaireĀ—he is Brazil's biggest insurance broker-elegant Celso Rocha Miranda has ordered eight French Caravelle medium-range jets to put his new enterprise on a competitive footing with rival Brazilian airlines Varig and Real.

-Opening contract...

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