Out in the open this week came the strangest internal fight in U.S. airline history. The battlers: nimble, Washington-wise, $60,000,000 Pan American Airways v. cagev, 90-year-old, multi-million-dollar W. R. Grace & Co., shippers, bankers and international traders. Pan Am boasts many a foe's scalp; Grace has a reputation for never losing a battle. The prize is domination of a great airline they started together, Pan American-Grace Airways (Panagra). The only important airline on the whole west coast of South America, Panagra flies over 8,000 route-miles from the Canal Zone to Santiago...
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