For more than two decades, Pan American World Airways and W. R. Grace & Co. have brawled through the courts and before the Civil Aeronautics Board over the upbringing of their jointly owned offspring. Pan American-Grace Airways. Reason: Pan Am's stubborn determination to prevent Panagra, which is based in the Canal Zone, from acquiring a direct air route into the U.S.
Last week the acrimonious family quarrel came to an end. In Manhattan's Federal District Court, Pan Am was found guilty of violating the antitrust laws by its restraint of Panagra. Recommending that Pan...
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