Word: panagra
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Dates: during 1960-1969
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...more than two decades, Pan American World Airways and W. R. Grace & Co. have brawled through the courts and before the Civil Aeronautics Board over the upbringing of their jointly owned offspring. Pan American-Grace Airways. Reason: Pan Am's stubborn determination to prevent Panagra, which is based in the Canal Zone, from acquiring a direct air route into...
Last week the acrimonious family quarrel came to an end. In Manhattan's Federal District Court, Pan Am was found guilty of violating the antitrust laws by its restraint of Panagra. Recommending that Pan Am divest itself of its 50% holdings in Panagra. Federal Judge Thomas F. Murphy said: "It is beyond dispute that Pan American blocked Panagra's independent entry into the U.S.-South American market in order that it may continue to share in substantially all traffic carried by Panagra...