French Company Also Scraps Agreement Lima. Peru, Feb. 5.
Pan American-Trace Airways may seek increased subsidies in one form or another from the United States Government to meet slashes in passenger fares by German and French competitors in Latin America.
A gentlemen's between Panagra, as the American company is know! the German Luftahsa and the French Air France which kept passenger rates between Buenos Aires and Santiago, Chile, at the same level for the three lines during the past three years has now been scrapped by the two European concerns, according to Panagra officials.
To meet the fare cuts, announced at a time when the European countries, particularly Germany, are making a drive to expand their trade and influence in the Western Hemisphere, further aid will be needed from Washington, Panagra claims United Press.
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