To Amend the Federal Aviation Act of 1958. Hearings, Ninety-First Congress, First Session ... March 18, 20 And 26, 1969
To Amend the Federal Aviation Act of 1958. Hearings, Ninety-First Congress, First Session ... March 18, 20 And 26, 1969
United States. Congress. Senate. Committee On Commerce
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Hon. Warren G. Magnuson, U.S. Senate, Washington, D.C. Dear Senator Magnuson: This letter is written at the request of Western Air Lines and on its behalf concerning S. 1373. In his testimony before your Commerce Committee on March 20, Mr. Tipton, president of the Air Transport Association, expressed for Western, as well as the other airlines he represented, strong support of this bill. Indeed, the bill is widely favored in the airline in- dustry. Western fully endorses Mr. Tipton's excellent s...tatement. In the course of the hearing on March 20 there was reference to the Western Air Lines situation as an example of the need for such legislation. This situa- 32-528—69- Digitized by Google 94 tion, of course, has to do with the recent acquisition of a large block of stock in Western by a gambling casino operator. Except for this block, the stock of Western is very widely held. Since this block represents about 30 percent of Western's stock, it is obvious that it is controlling. The applicable legal prec- edents are quite clear on this point.
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