TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

AVIATION: TKO for Export?

Since 1937, American Export Lines, Inc. (steamships) has been determined that its airline subsidiary would fly the Atlantic in competition with Pan American's Clippers. Export's ambition has been approved by President Roosevelt, CAB, the Army, Navy and State Department. But last year a $500,000 mail subsidy needed to start the flights was refused by both Senate and House appropriations committees. Last week Export again drew an emphatic thumbs down from the House committee. Since the company now must wait for Congress' next budget bill to try again, and since every defeat makes a reversal less probable, it looked as...

Quotes of the Day »

President BARACK OBAMA, at NATO talks involving over 50 world leaders, describing the withdrawal of 130,000 combat troops from Afghanistan, planned for the end of 2014
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.