It was a sad day for private enterprise. For the better part of 15 years, the two giant U.S. international airlines, Pan American and TWA, have been competing on roughly equal terms with a host of nationalized, subsidized foreign carriers ranging from Air France to Air India. But last week both Pan Am and TWA applied to the Civil Aeronautics Board for the first subsidies they themselves have received since the 1950s. In separate petitions, the two lines contended, in effect, that without federal help they will go broke combating two trends:...
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