AIR TRANSPORT
American Bids for Tokyo Routes in Wake of U.s.-japan Bilateral
New York—American Airlines made its long-expected bid for routes to Tokyo via Hawaii last week in the wake of the U.S.-Japan bilateral air transport agreement (AW&ST Jan. 3, p. 26). Marion Sadler, American president, estimated that if the Civil Aeronautics Board approved the application, his company’s revenue from the first year of transpacific operation would be $80 million to $100 million, with cargo traffic accounting for 30% of the total.
By Joseph W. Carter6 min