CNAC on the cover of Fortune Magazine


 

“CNAC is the China National Aviation Corporation. It is one of those peculiar enterprises whose capital value in dollars and cents might barely equal that of a large American department store, but whose actual value in the war for the control of Asia can only be weighed by history.”

 

 

Theodore “Teddy” White, “China’s Last Lifeline,” Fortune, May, 1943

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