• Short Summary

    PAN AMERICAN WORLD AIRWAYS AND TRANS WORLD AIRLINES YESTERDAY (THURSDAY) PROPOSED TO MERGE INTO THE BIGGEST UNITED STATES DOMESTIC AND OVERSEAS AIRLINE.

  • Description

    PAN AMERICAN WORLD AIRWAYS AND TRANS WORLD AIRLINES YESTERDAY (THURSDAY) PROPOSED TO MERGE INTO THE BIGGEST UNITED STATES DOMESTIC AND OVERSEAS AIRLINE. THE MERGER WOULD CREATE THE WORLD'S LARGEST AIRLINE AFTER AEROFLOT OF RUSSIA.

    THE COMBINED AIRLINE WOULD SERVE 160 CITIES IN OVER 80 COUNTRIES, WITH A ROUTE SYSTEM OF 80,000 MILES (128, 000 KLM), AND WOULD EMPLOY ABOUT 80,000 PEOPLE. IT WOULD BE KNOWN AS PAN AM WORLD AIRLINES INCORPORATED.

    THE MERGER, SUBJECT TO APPROVAL BY PRESIDENT KENNEDY BECAUSE OF ITS INTERNATIONAL ASPECTS, WOULD FORM A FINANCIALLY STRONGER U.S. - FLAG NORTH ATLANTIC AIRLINE BETTER ABLE TO COMPETE AGAINST COMBINATIONS OF FOREIGN CARRIERS THAT HAVE CUT THE U.S. SHARE OF THE TRANS-ATLANTIC MARKET CONSIDERABLY IN THE PAST DECADE.

    FILMED IS THE PAN AMERICAN BUILDING AT IDLEWILD AIRPORT, NEW YORK, WITH TRAVEL FACILITIES AND PASSENGERS CHECKING LUGGAGE. THE TWA BUILDING IS ALSO SHOWN, TOGETHER WITH PLANES LANDING AND TALKING OFF.

    THE PROPOSED TIE-UP BETWEEN THE TWO U.S. AIRLINERS TAKES PLACE AMID SIMILAR LINKS AMONG OTHER INTERNATIONAL AIRLINES.BRITISH OVERSEAS AIRWAYS LINKED WITH CUNARD EAGLE ON THE NORTH ATLANTIC TO FORM B.O.A.C. - CUNARD, WHILE B.O.A.C. ALSO OPERATES IN POOL WITH AIR INDIA AND QANTAS OF AUSTRALIA ON ROUTES TO SOUTH-EAST ASIA AND AUSTRALIA, AS WELL AS ON THE NORTH ATLANTIC.

    IN EUROPE, THE COMPETITIVE THREAT OF AIR UNION --THE COMBINATION OF AIR FRANCE, ALITALIA OF ITALY, SABENA, OF BELGIUM, AND LUFTHANSA OF WEST GERMANY -- AND NOW POSSIBLY K.L.M. OF HOLLAND -- HAS BEEN GROWING.

  • Tags

  • Data

    Film ID:
    VLVA1RNKHTK9D75P5OOYWN61SL2FC
    Media URN:
    VLVA1RNKHTK9D75P5OOYWN61SL2FC
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    21/12/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:13:00
    Time in/Out:
    /
    Canister:
    N/A

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