Word: giveback
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Dates: during 1955-1955
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...SUBSIDY GIVEBACK will cost T.W.A. and Pan American Airways $22 million, if the Civil Aeronautics Board follows the recommendation of its examiner. Because of "excess earnings" on profitable divisions between 1946 and 1953, T.W.A. will have to give back the full $8,715,000 in subsidies it got on unprofitable routes; Pan American's excess earnings were put at $13,490,000, but it will have to return only $2,490,000 in cash because CAB still owes it some $11 million in back payments...