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government-owned or government-subsidized. Numbers of them are operated year after year at heavy deficits, as a matter of national policy. They fly their flags, and they enhance the prestige of their nations. The U.S. international lines on the other hand, must make it on their own. There are two—Pan American World Airways and Trans World Airlines. They have no subsidies. If they make a profit* they must pay taxes. They are private enterprises, faced with subsidized competition.
Now their boards of directors are offering an answer—a merger of the two lines to create a system, world-wide in scope—which by its efficiency and utilization of facilities can offset
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