Word: cabs
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...even possible to be conducted on a lurch through Dublin in the steps of Stephen Dedalus and Leopold Bloom, taking two hours or two days, depending on how many "balls of malt" (Irish whisky) are downed en route. Touring cost for two: $6 in a horse-drawn Dublin cab. For $2.50 from West Berlin there is a guaranteed-safe-return tour, including bleak Communist East Berlin...
...FARE HIKE of about 5% is in the works for domestic carriers. New fares would boost airlines' rate of return on investments to 10.5%. Because of promised fare increase, Capital Airlines asked to withdraw its $13 million subsidy request, and CAB agreed not to investigate Capital...
...commission examiner recommended a merger plan for the Erie and Lackawanna roads. Similarly, the Civil Aeronautics Board is moving toward the view that mergers, not subsidies or new routes, are the best way for the airlines industry to meet the formidable problems of new jet-age competition. Both the CAB and the ICC are expected to go along with mergers that make economic sense. Last week six railroads and two airlines (see below) announced merger plans or closer working relationships...
...Atlas Corp., the holding company that has a 56% controlling interest in Northeast. Under the merger terms, one share of TWA would be exchanged for three shares of Northeast common stock, if the plan meets the approval of TWA's board, the CAB, stockholders and major creditors. Hughes will also lend $9,500,000 to Northeast from his Hughes Tool Co. to get its six, new, leased Convair 880 jets into operation for the Florida tourist season this winter...
When Neelands resigned in disgust from Capital's board in 1958, he warned that the line had "sought more routes than it could swallow and was working toward a crisis." Now, faced with a $33.8 million mortgage foreclosure on planes and a full-scale CAB investigation, Capital President David H. Baker and his backers on Capital's board have called on Neelands to solve the line's woes...