Word: taca
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Lowell Yerex had but $25 to his name when he founded TACA Airways. He built his Latin American airline into the world's largest cargo carrier. But TACA remained a one-man show and Yerex made all the decisions. Last week it looked as if someone else had finally made a decision for tough, one-eyed Mr. Yerex. Out he went as president of TACA, the climax to a long struggle for control of the company...
...Aerovias Brasil, S.A. (TACA's Brazilian subsidiary) started flying in 1942 from the backlands of Brazil via Porto Nacional to Miami to haul rock crystal. With DC-35 acquired only four months ago, it now competes with Pan Am for passenger traffic between Rio de Janeiro and Miami...
...trouble-shooter for the Army's Air Transport Command-and boss of the Hump lifeline into China-last week cheerfully took on more trouble. With the store creases still fresh in his mufti, tall, tough Brigadier General Thomas Hardin went to work as executive vice president of TACA Airways' 13,000 miles of loosely knit air routes south of the border. His first move was to hire four of his top-ranking buddies in A.T.C. to help him run TACA...
...airmen who have seen Tom Hardin in action around the world, this looked as if the bitter struggle in Latin America between Pan American Airways and TACA had reached Armageddon. It also looked as if Transcontinental & Western Air, Inc., which owns 30% of TACA stock, had decided that TACA's President Lowell Yerex needed help in winning the fight...
Biggest Pan Am thorn is that, bit by bit, TACA may gather the operating rights to knit its South American system together. A new TACA affiliate is getting under way in Paraguay, and one is on paper in Argentina, awaiting more favorable diplomatic weather. Unless TACA loses its market-South & Central America's need for a poor man's airline-more are likely to follow...