AVIATION: Flight Plans for Profit

Trans World Airlines, the nation's fourth largest airline, last week moved to acquire Northeast Airlines, which serves New England and also has a New York-Miami route. For TWA, merger with Northeast will complete the New York-Miami leg of its triangle between the West Coast, Miami and New York. Although TWA will be stuck with Northeast's money-losing New England feeder services, it will pick up passengers for its long-haul and international runs. To Northeast, which lost $7,000,000 last year and is still in the red, merger will provide seriously needed working capital.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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