Word: secored
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...encouraging the third-levels to take over some of the regional lines' more unprofitable routes and to extend scheduled service into virgin territory. As a small start, CAB Chairman Secor Browne plans to ask Congress next month to authorize a $2,000,000-a-year experimental subsidy program for the scheduled third-levels. In return for subsidies, the lines would serve a number of "remote areas" to be designated by the CAB. If the program works, it will probably be expanded to other communities that lack air service...
...from last year's $25 million and 1970's $85 million loss. Executives of six U.S. airlines that either lost money or made only minor profits last year (American, Eastern, National, Northeast, Pan Am and TWA) expect to do much better in 1972. As CAB Chairman Secor Browne says, "the airlines have essentially turned the corner...
...archcompetitor, TWA, has lately been overtaking "the world's most experienced airline" in monthly passenger miles on the North Atlantic run. Talks with TWA about a possible merger, which Halaby once saw as the best route out of rough weather, have come to a halt. Two weeks ago Secor Browne, chairman of the Civil Aeronautics Board, disclosed that he had sent a memo to White House Presidential Assistant Peter Flanigan, raising the possibility of a Government subsidy or a Lockheed-type guaranteed loan for the ailing carrier...
...Conference at Deauville, France. The group, hosted by Time Inc. President James Shepley, heard expert appraisals of aviation prospects and problems, then went to the Paris Air Show. Among the Government officials participating were U.S. Transportation Secretary John Volpe, Federal Aviation Administrator John Shaffer and Civil Aeronautics Board Chairman Secor Browne...
Last week Secor Browne, chairman of the Civil Aeronautics Board, sugested that the airlines take the lead in reducing excess competition. In a major policy speech delivered at a meeting of local airline officers in Anchorage, Alaska, he asked: "Is it profitable for you to serve all existing points on your routes where you have competition? Or are you serving those points merely because another carrier is there and you would rather have a share of the market and lose money instead of seeing him have it alone? In plain English, are there points in your route where two carriers...