AVIATION: New Crew for TWA

Although he is one of the world's wealthiest men, eccentric, elusive Howard Hughes is often short of cash—usually on a grand scale. For the last six months he has been short just $340 million, the money needed to pay for jet planes ordered for his TWA. Hughes, who owns 78% of TWA stock, would have had little trouble raising the money if he had been willing to relinquish his whimful one-man control of the airline. Long accustomed to dictating his own terms, Hughes refused. Wary bankers were equally stubborn. Last week, with time running out...

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