Word: panagra
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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...
...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...