Sinking ever deeper into the red as more and more transatlantic passengers switched to planes, Britain's famed old Cunard line two years ago decided to take to the air itself. With blessing of the British government's Air Transport Licensing Board, Cunard bought up the small Bermuda-Nassau-England Eagle Airways, renamed it Cunard Eagle, ordered itself some expensive jets and pre pared to fly as well as sail the Atlantic. At that point, another agency of the British government objected. Air Minister Peter Thorneycroft vetoed the idea on the ground that the government-owned British Overseas Airways Corp. was already losing money ($36.4...
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