In Central and South America, U.S. airlines were again bristling over an old but appetizing bone: domination of the strategic Latin American air routes.
The challenger, as usual, was swashbuckling TACA Airways S.A. For three years, TACA has worried the South American flanks of overdog Pan American Airways Corp., and has won permits to operate in such Pan Am territory as Brazil and Venezuela. Pan Am has pretended not to notice these nips. But fortnight ago it wheeled, announced that it was setting up affiliated companies in TACA's boneyard —Panama, Nicaragua, Honduras, and tiny Costa Rica.*
Last week, TACA's square-jawed...
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