Word: cab
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Dates: during 1940-1949
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...Senate Commerce Committee, CAB Chairman James M. Landis had a ready answer-lack of money. He could point out that CAA's request last year for $90,000,000 to improve air safety had been cut by the Budget Bureau to $68,000,000, by Congress to $64,000,000. This year's request had already been pared by the President's budgeteers from $113,980,000 to $92,271,000. Recently CAA had to close down 55 air communications stations and three airport control towers for lack of funds. "For the past seven years," said...
...steamship lines have been barred by CAB from operating scheduled airlines to foreign points, though foreign lines can do so. Last week Mobile's aggressive Waterman Steamship Corp. got around CAB. Through its subsidiary, Waterman Airlines, Inc., the steamship company made a deal to get control of TACA Airways, S.A., shaky Central and South American airline system (TIME, Dec. 31, 1945). As TACA is incorporated in Panama, it is beyond CAB's authority. Yet recently, under the reciprocal rights granted foreign lines, TACA was given the right to operate out of Miami and New Orleans on its routes...
...million and were one of the big reasons that hard-pressed T.W.A. was glad to get out. But by tying the line in with Waterman's steamship operations from Gulf ports, Jack Thornburg thinks that he can get TACA flying high again. And Waterman also hopes to show CAB that steamship companies can operate an efficient, economic sea-air service...
...round draw, both sides thought that the battle for T.W.A. had gone far enough. Company President Jack Frye finally realized that T.W.A. could not get the money it needed without the cooperation of majority stockholder Howard Hughes. And headstrong Howard Hughes realized that he could not try CAB's patience much longer with his obstructionist tactics...
...before RFC invested, it intended to shove Hughes clear out of the T.W.A. cockpit. The shoving would probably be done by CAB, which had given Hughes special permission to buy control of T.W.A. in the first place. Last week CAB admitted that it was "reviewing" the per mission. This sounded as if CAB were going to give Hughes a choice of putting the stock in a trust, or selling it outright...