Douglas Aircraft Co., for decades a symbol of U.S. world supremacy in commercial aviation, made a low bow to foreign competition last week, and by so doing put itself in position to pick up a pretty penny. In Manhattan, President Donald Douglas Jr. announced that it was joining with France's Sud-Aviation to sell Sud's up-to-80-passenger, 500 m.p.h., twin-jet Caravelle airliner in world markets. Douglas got exclusive sales rights in the U.S. and Latin America, plus parts of Asia and Africa. At first, all planes will be built in France, but when Douglas orders get big enough (more than...

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