Word: perazioni
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Last winter T.W.A. signed a contract with the Italian Government under which a new company, Linee Aeree-Italiane Società Perazioni was to get an exclusive franchise to fly internal air routes: T.W.A. was to get a 40% interest in L.A.I. The British demanded that T.W.A. share its interest with the Government-owned British Overseas Airways Corp. T.W.A. President Jack Frye refused, saying that British and American equipment could not be profitably operated together...
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