TITLE

Chase Manhattan's Friendly Skies

AUTHOR(S)
Pillai, K. G. J.
PUB. DATE
January 1973
SOURCE
New Republic;1/27/73, Vol. 168 Issue 4, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Presents information on the issues related to the over stock ownership in the airline industry in the U.S. Citations of financial corporations with shares in airline assets; Cost associated with the control of bank and insurance company over the airline industry; Terms in the stock ownership rules under the Federal Aviation Act of 1958; Fact that ownership of airlines assets, more than the power to vote stock or deny credit, seems to be the preferred and decisive means by which the airline industry is controlled; Discussion of the bank and insurance company control of the airline industry; Information on a compulsory system of revenue sharing by which a significant portion of the airlines' revenues are apportioned among the airlines' owners and their affiliates.
ACCESSION #
10211601

 

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