Aviation: An Uneasy Crown

One after another, U.S. airlines are ordering jets from European planemakers. Last week it was Pan American, which placed a hefty order for 160 French Dassault ten-passenger Mystere 20s at $775,000 each. Pan Am plans to sell (and maybe lease) the twin-engined executive jets to corporations and individuals in the U.S. and Canada. The purchase is one more blow to U.S. airframe makers, who are feeling the in creasing pressure of aggressive competition from European planemakers.

A Place in Line. American, Braniff and Mohawk airlines recently ordered a total of 31 British...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!