Word: pan-american
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...Pan-American Airways Inc. airport operations manager R. I. Dunton saw his barometer fall to 28. When he looked again the instrument had blown away...
Seventy-three years old and wracked by a fever of 103, South America's greatest champion against North America tumbled tragically last week from Power. He fought the Monroe Doctrine. He would have no truck with the Kellogg Pact. He flouted the Pan-American projects of Calvin Coolidge, did his best to blight the effect of Herbert Hoover's South American goodwill tour. Yet few U. S. citizens ever knew the name of their Great Enemy: Dr. Hipolito Irigoyen...
...February there was talk of eventual merger between that line (New York, Rio & Buenos Aires) and Pan American Airways, then operating down the west coast of South America (TIME, July 22, 1929, et seq ). In recent weeks, with NYRBA encountering financial difficulties in its Argentine mail business, and with Pan-American invading the east coast between Paramaribo and Rio de Janeiro, the talk became louder...
Last week talk became fact in the announcement that on Sept. 15 Pan-American will acquire NYRBA's planes, ports, equipment and technical data. P. A. A. thus ropes the southern continent with an unbroken peripheral line as far south as Santiago (Pacific) and Buenos Aires (Atlantic) which are joined by a line over the Andes. Simultaneous with the announcement came word from Buenos Aires that NYRBA had petitioned for cancellation of Argentine government contracts for service from Buenos Aires to New York, to Santiago and to Montevideo. Reason for the petition: losses of 4,000,000 pesos (circa...
...view of NYRBA's unhappy position in South America, Pan-American officials chose to speak of the current deal as a "purchase of assets," not a "merger." The fact is, Aviation Corporation of the Amercas,* holding company for P. A. A., offers one share of its stock for 5 ¼ shares of NYRBA. Aviation Corp. of the Americas will straightway scrap the acquired company, turn the physical assets (including 32 airplanes, numerous terminals, floats, radio stations...