Clipper, Vol. 3, No. 1, January 1946

              PAM AMERICAN
LATIN AMERICAN DIVISION
VOL. 3—NO. 1	460115	Copyright, 19h6, by Pan American Airways, Inc.	JANUARY, 1946
Cía. Cubana de Aviación Stock Goes on Sale
Cia. Cubana de Aviación, pioneer of commercial air transport in Cuba, which for the past 15 years has provided the republic with a swift and steadily progressive transportation system, is selling 48 percent of its stock interest to the public.
The stock of the nation’s foremost airline is being sold at $10 per share, its par value. Of the 48,000 shares to be placed on the market, ten thousand are being separated for sale to those of Cubana’s employees desiring it and can be paid for through salary deductions over a period of time.
With the sale of this stock, the capital stock of CAA, consisting of 100,000 shares, amounts to one million dollars. Fifty-two per cent of the stock is to be held by Pan American World Airways. The total assets of Cubana as of September 30, 1945, were approximately $1,250,000.
Cubana plans to expand its operations with the additional capital from the sale of the stock by purchasing new aircraft and other operating equipment and by improving existing airports and facilities.
As a subsidiary of Pan American World Airways, CCA has been able to draw upon the storehouse of technical knowledge, tested operating techniques and expert maintenance procedures which Pan American has developed through 18 years of pioneering global routes and over-ocean operations. Because of the affiliation, CCA has at its disposal the technical advice, aid and services of the pioneering international airline. CCA pilots have been intensively trained in the techniques of over-water, over-mountain and instrument flying by Pan American whose broad experience covers every kind of terrain and every type of climate.
Today, through its network of 4,492 miles, CCA links the island’s leading cities and every province. Forty-two flights a week connect Havana with Santiago, capital of the rich coffee and mining province of Oriente, along a route serving six important centers. The tobacco and sugar industries of Santa Clara, backbone of Cuba’s economy, are but two hours away from the leading exporters in Havana through CAA’s 14 flights a week to Cienfuegos. Havana Continued on Page 2
HOLIDAY SKIES CLOUDED WITH FLYING CLIPPERS
Christmas season schedules of Pan American World Airways, sending 56 Clippers daily between Miami and Havana, gave those two resort centers a taste of the meaning of postwar mass air transportation.
With the Havana-Miami regular schedule of 24 flights daily already setting a record pace, Pan American more than doubled the accommodations for the three days preceding Christmas and for the New Year period of Dec. 30 through Jan. 1. The holiday schedule offered space for 1,176 passengers daily between Miami and Havana.
PAA PRESIDENT’S MESSAGE
To officials and personnel of Pan American World Airways: It is with a sense of gratitude for the peace that is now ours that I send the season’s greeting to the officials and employees of Pan American World Airways. We can all be proud of the job done by our company during the war—the biggest done by any American-flag airline.
With the problems of reconversion facing us we must not let down. By carrying on together now as we have in the past we can continue to provide the' public with the superior type of service that has made Pan American preeminent in the past.
Season’s greetings,
ARGENTINE SCHEDULES INCREASED DURING WAR
Maintaining a lifeline of communications, Pan American World Airways has played an important role in keeping Argentina in daily contact with the remainder of the world during the war when other means of communications were hampered or actually stopped because of enemy action.
Despite the difficulty of obtaining new equipment, no effort was spared by Pan American and Pan American-Grace Airways to increase services in order to meet as much as possible the tremendous demands being made not only by the traveling public of the Americas but by shippers as well.
Under the leadership of George Smith, Pan American’s general manager in Argentina, schedules jumped from an average of three hours a day in 1941 to more than double that figure in 1945 as a result of greater util-Passenger traffic in and out of Buenos Aires alone from 1941 to 1945 increased by 134.53 per cent; outgoing mail by 71.43 per cent and freight, both in and out, by 282.19 per cent.
The following are estimated figures for the years from 1941 through 1945: Passengers, 12,813, 19,606, 23,909, 28,331 and 30,050; outgoing mail, 21 tons, 26 tons, 30 tons, 31 tons and 36 tons; air ex-Continued on Page U
Airexpress Rates Reduced Average of Ten Percent
Airexpress rates between United States gateways and 150 specific points in Latin America were reduced an average of 10 percent January 1 by Pan American World Airways.
“The reductions will stimulate the rapidly-growing movements of air cargo between the Americas,” said Wilbur L. Morrison, vice president in charge of PAA’s Latin American operations, after announcing the new rates. “The reductions are possible because of additional equipment and increased plane utilization, affording more frequent schedules and lower operating costs.”
Substantial savings will be effected for shippers using the five PAA Latin American gateways—Miami, New Orleans, Laredo, Brownsville, and Los Angeles. For example, during the last-reported 30-day period a total of 15,493 pounds of express moved by Clipper between Miami and Panama under the present rate of 76 cents per pound. Based on these figures, the reduced rate of 55 cents per pound will save shippers approximately $39,042 in a year on Clipper cargo moving between those two points alone.
Similarly, the annual saving on shipments between Brownsville and Mexico City would be approximately $1,584, with the rates reduced from 26 to 24 cents per pound; between New Orleans and Guatemala City, $3,516 annually, with rates down to 49 cents from 53; and between Los Angeles and Bogota, Colombia, $1,308 annually, with the drop in rates from $1.76 to $1.38 per pound.
Other significant new rates are:
Miami-Rio de Janeiro, $1.41 reduced from $1.50; Miami-Curacao, 59 cents from 73 cents; and Miami-Cartagena, Colombia, 58 cents per pound as compared with $1.06, the former single rate charged for shipments to “any point in Colombia.”
The inauguration of individual rates to 43 airports in Colombia, to replace the single rate formerly charged for air shipments to “any destination in Colombia,” will offer great savings on shipments to Continued on Page 8
Aerial Service to Exclusive Bahaman Resort Resumed
War-cancelled service to Cat Cay, exclusive Bahaman resort 60 miles east of Miami, Fla., was reestablished by Pan American World Airways with scheduled flights beginning December 22.
Thrice-weekly a round trip flight links Florida with the Bahaman island, which is noted for its deep sea fishing and swimming. A Clipper departs from Pan American Field every Monday, Thursday and Saturday at 9:15 a.m., arriving at Cat Cay at 9:45 a.m. Returning the same day, it takes off from Cat Cay at 10:15 a.m. reaching Miami at 10:45 a.m. These flights will be maintained during the fashionable resort’s busiest season, discontinuing April 15.
George Smith
ization of equipment.