Word: braniff
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...Allow Braniff International Airways to fly into Buenos Aires...
Remembering the beating he had taken at the hands of the automobile industry, he fought his competitors for every minute advantage. Once when Braniff bid a low $0.00001907378 a mile for airmail subsidy, Rickenbacker got the bid by offering to fly the mail for nothing. He adopted a policy of waiting for other lines to use new aircraft-and risk crashes-before adopting them himself. He insisted on personally checking every expense item over $100, swore that he would never pay a dividend on Eastern's stock (he has 100,000 shares, is the largest stockholder) as long...
...three weeks, President Thomas Braniff expects to start flying his new routes from Houston, Tex. to Lima, Peru; eventually he will fly to Rio de Janeiro and Buenos Aires. The routes cut straight across the juicy domains once monopolized by Pan American Airways and Pan American-Grace (Panagra flies the West Coast, Pan Am the East). Both lines opposed Braniff's entry on the ground that the territory could not support a third U.S. flag line. But President Truman, taking the matter out of CAB's hands, gave Braniff the routes...
...month ago, Pan Am and Panagra carried their fight to Congress. They pointed out that Braniff had asked for airmail subsidies of $3,000,000 a year, 22 times what it had originally estimated it would need. Last week they made a last-ditch effort to get CAB to hold new hearings...
...week's end Pan Am was fighting back in the only way still open: it refused to let Braniff use Pan Am South American airport facilities, communications...