Word: panning
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Dates: during 1960-1969
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...hardest-fought commercial air battle in Washington memory seemed to end last month when Lyndon Johnson awarded new Pacific routes to six of 18 carriers that had sought them for more than a decade. Johnson's choices were two Pacific veterans, Pan American and Northwest, and newcomers TWA, Continental and all-cargo Flying Tiger. In addition, Braniff got new runs to Hawaii. Last week Richard Nixon said: nothing doing. In a letter to the Civil Aeronautics Board, Nixon stated that he would "recall the matter" and later on "advise you of my decision on the merits...
...organizations in which Government, industry, labor and the universities are intertwined and obviously will become more so. In the Apollo program, NASA defined the mission, planned the flights and recruited astronauts; M.I.T. contributed to the design of the navigation system, North American Rockwell Corporation built the vehicle, and Pan American services the Cape Kennedy base. George Champion, chairman of the Chase Manhattan Bank, believes that if private business addressed itself to satisfying the education and housing needs of the poor it could not only improve their lot but also find it profitable. As the New Left is quick to point...
...Operation Drought," reads the sign on the Pan American Highway 55 miles northeast of Santiago, the capital of Chile. Soldiers have built a tent city there, and government technicians are drilling deep wells in search of water. A few miles up the road, schoolboys play soccer in the dried-out bed of the Aconcagua, normally a mighty river. Even farther to the north, water from the near-dry Recoleta Dam is rationed-four days running, ten days shut...
Flying over the Pacific, the pilot of a Pan American jet liner reported seeing the spacecraft's fiery track; it was an astonishing five miles wide and 100 miles long...
Long and High. For the airlines, the Pacific routes are economical and profitable because they are so long, with relatively few costly takeoffs and landings. Pan Am gets a return on investment of close to 13% in the Pacific compared with less than 5% on transatlantic flights. By CAB estimate, each of last week's five winners stands to add at least $10 million a year to its revenues. But passengers should not expect any rate reductions. Such fares are set by the International Air Transport Association, a 104-airline group that does not necessarily feel that higher profitability...