Word: taca
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Dates: during 1950-1959
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Appointed by F.D.R. as an Assistant Secretary of State under the late Edward Stettinius in 1944, Holmes quit the next year, took a vice-presidency of T.W.A., and then the presidency of TACA Airways. He joined ex-Congressman Joe Casey, T.W.A.'s general counsel, in a scheme to buy surplus Government tankers, brought in ex-Boss Stettinius, who, in turn, brought in Fleet Admiral William ("Bull") Halsey. The tanker deals made over $3,000,000 on a $100,000 investment, and before long became the subject of a congressional investigation (TIME, March...
...crisp bills represented part of the profits that have rolled into Silver-thorne's hands in the year that he has been operating a wildcat airline called ANHSA (National Airline of Honduras). Though the little republic already had two major airlines, TACA of Honduras and SAHSA, a Pan American affiliate, the newcomer had somehow skimmed off the cream of the freight business...
...Barnstormer Joe Silverthorne, now 40, knows all the tricks; he learned them from one of the smartest air operators ever to hit Central America. Back in 1934, after a hitch in the U.S. Navy, Joe Silverthorne became a crew chief for New Zealand-born Lowell Yerex's TACA airline. Brassy and hardfisted, he soon caught the eye of Yerex, who made him his personal bodyguard and general handyman...
...shabby, $100-a-month building, then sublet half of it. "Hell," snorted Joe, "I don't need a chrome-plated office. I was fetched up on salt-rising bread and black-eyed peas." He parked his planes in the open, repaired them in Honduran air force shops. Since TACA and SAHSA already had radio range and weather stations, Joe saw no reason to duplicate them. "I just turn on the radio and listen to their weather reports," he says blandly...
...Gotta Take It." Nor was Joe hampered by the fact that his competitors owned most of the country's airstrips. Under Honduran law, any private field may be used for government freight; Joe took care to have some government cargo aboard any of his planes landing on TACA or SAHSA strips. That way he could use them without even paying landing fees...