Word: taca
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...Soon after, a Guardia officer called the barracks, reported that Sandino had given the Masonic sign of distress. Freemason Somoza, unmoved, roared: "Carry out your orders!" At La Aviación field, on the southeast edge of Managua, guns cracked. Sandino is buried, say Nicaraguans, just under the runway TACA planes...
...Neighbors. Meanwhile, Neighbor Guatemala took its stand behind the partisans of right-wing Editor Otilio Ulate, whose election had been annulled by Costa Rica's Congress. The rebels' commandeered TACA DC-35 made 19 trips to Guatemala for guns and ammunition. Led by a M.I.T.-trained planter [named] Jose Figueres, the Ulatistas fought so well that the government had to ask for more help...
...control of TACA, Waterman 1) bought half the $1,000,000 worth of convertible notes TACA has issued in a new financing program, 2) got an option on two-thirds of the 18.2% stock interest in TACA owned by T.W.A., plus an option on stock held by other interests. Waterman also got an option on TACA's remaining 290,086 shares of authorized but unissued stock. When it has exercised all its options, Waterman will hold.well over 500,000 shares, better than 25% of the company...
...TACA, Waterman picked Jack W. Thornburg, 44, vice president and general manager of Waterman Airlines, Inc., who firmly believes that "the speculative, romantic thing" is out of airlines and the era of hardheaded operation...
Thornburg is well aware that despite TACA's long, colorful career, it can hardly be called a going concern today. In three years it has lost close to $4.5 million; last year's losses alone were approximately $2.6 million and were one of the big reasons that hard-pressed T.W.A. was glad to get out. But by tying the line in with Waterman's steamship operations from Gulf ports, Jack Thornburg thinks that he can get TACA flying high again. And Waterman also hopes to show CAB that steamship companies can operate an efficient, economic...