Word: panagra
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...Soon he pried out information that the plane would need a new engine, might be held up in Belem for a day or two. Don Mauricio burned up the wires to New York-not to Pan American but to W. R. Grace & Co., Pan American's partner in Panagra. Panagra is the rival service that flies down South America's west coast...
Early next morning, a Panagra DC-6 landed in Belem on charter to Hochschild, having flown nearly 3,000 miles into territory where no Panagra plane had ever ventured before. Shortly afterward, the 57-passenger plane took off for New York, carrying Don Mauricio, his wife and nobody else. "What money won't do!" gasped one of the stranded passengers. Thirty-nine hundred miles and 12½ hours later, Hochschild's DC-6 touched down at New York's Idlewild airport, having just about shattered all known records for a private charter flight. Though Panagra declined...
Died. Joseph Peter Grace, 78, onetime president (1906-29) and board chairman (1929-46) of W. R. Grace & Co. (banking, mines, textiles, Grace Line, Panagra), founded in Peru in 1854 by his father; in Manhasset...
Braniff pressed farther south. Starting with a flight to Lima in 1948, he has opened new routes to five South American countries (e.g., Brazil, Ecuador), and he is giving Pan Am and Panagra a race for their passengers. He set up a Braniff Business Bureau to bring Latin American goods north and export U.S. goods south, offered cut-rate tourist fares. He even drummed up business among Latin America-bound Chinese travelers in the Orient by distributing handbills that were printed in Chinese. On his gross of $18,438,140 last year, Braniff rang up a net profit...
...Panagra, the only other U.S. airline operating to Argentina, is 50% owned...