Word: panagra
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Dates: during 1950-1959
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...deal came too late to refurbish the shabby hotel for this season, but Navarrete brought in Topflight Instructor Peter Estin and his ski-school teachers from Vermont's Sugarbush, got Panagra airline (50% Grace-owned) to set a ski-excursion round-trip fare of $420 (regular rate: $678) from Miami, and arranged an inexpensive ($2.50 a day) equipment-rental service in Santiago. Throwing up partitions at Portillo, he figures to expand capacity to 500, with $150,000 worth of ski lifts to haul them all. Even before remodeling and expansion, news of the new Portillo passed around so fast...
...American-Grace Airways, which transports most of the tourists who visit Cuzco, has started a search to find the missing statue. Panagra reasons that if the foundry sent Powhatan to Peru, it may have sent Atahuallpa to some U.S. town square. He should be easy to spot. He is robust, with short-cropped hair, grave manner, handsome face, fierce eyes. He wears an elaborate band around his forehead, and a collar of large emeralds...
Threatened Allowance. Next day, as U.S. citizens and embassy personnel waited behind police guards in a La Paz suburb to learn whether they were to be evacuated in Panagra planes standing by on Peruvian airfields. Siles called for another demonstration. Flanked by La Paz's archbishop, the armed forces chief and his Cabinet, he stood on a palace balcony before a throng of 25,000 which included a brass band. Again he called for calm, and again he was disobeyed. Led by Trotskyite Boss Victor Villegas, 200 men stormed police guarding the embassy. The police fired tear-gas shells...
...American World Airways last week discharged some 5% of its 5,400 Latin American Division employees. Chief reason: "A runaway competitive situation in Latin America." Another carrier operating in Latin America, Panagra. last month asked the U.S. for a yearly $6,800,000 subsidy,* citing the drop in passenger loads (from 60% to 53%). Both Pan Am and Panagra blamed the fall in revenue on "the entry of a large number of foreign carriers into the area; the cut-rate fare policies instituted by many of these carriers...
Almost every Latin American country boasts its own airline, and some have two or three. Most of the carriers are not members-as are Pan Am and Panagra-of the International Air Transport Association, which taboos price warfare. The local airlines set fares as they please, often undercut Pan Am or Panagra by close to half. Samples: Guatemala's Aviateca charges $99 for a round trip between Guatemala City and Miami; Pan Am gets $147.60. I.A.T.A. fare for a Lima-Miami round trip is $473.40; Aerovias Panama Airways asks only $260. Aerolineas Peruanas sells a Santiago-Miami...