Word: cabs
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...SUBSIDY PROBE will reexamine mail payments to Pan American World Airways as far back as 1946. CAB says its general investigation of company (TIME, March 18) showed that "for the 1946-53 period alone Pan American's expense, underwritten with subsidy, may have been overstated by as much as $6,500,000." Agency also is pressing Pan Am to refund its $5,936,000 subsidy for Pacific operations...
...nonscheduled airlines* that sprang up after World War II, none was a bigger hit with the traveling public-or more trouble to CAB-than Trans American Airlines. Put together by a former Navy lieutenant commander, an ex-Air Corps transport pilot, and two former Douglas Aircraft employees, the Trans American group of companies started cheap fares, forced scheduled airlines to cut-rate coach fares. Trans American built up a $16 million annual business. All told, it has carried more than 1,250,000 passengers without an accident. But it broke CAB's regulations by shuffling planes about among five...
...CAB's patience with this "flagrant" circumvention of the rules snapped, and Trans American was ordered out of business. The company went to court and in December 1956 was refused a rehearing by the Circuit Court of Appeals. Last week, with an appeal pending before the U.S. Supreme Court, Trans American got ready to quit; it leased five DC-6Bs to Eastern Air Lines for $12.8 million for five years, plus the rights to two more planes now on order...
...West Coast shuttle service and on military contracts, plus one old stand-by DC-3. By leasing before the Supreme Court rules, the owners got more than if they waited and then had to make a forced sale. If the court refuses to send the case back to CAB for a new hearing, Trans American will have only 45 days to close up in 21 cities and lay off 750 employees...
CONTINENTAL AIR LINES is asking CAB to end its $1,000,000 annual subsidy. Line says it can operate without U.S. help as soon as it starts new Chicago-Los Angeles run (TIME, March 11). Said CAB official: "An unusual request...