United States Overseas Airlines, Inc. v. Compania Aerea Viajes Expresos De Venezuela, S.A., Defendants-Respondents

This appeal involves the interpretation and validity of a written agreement made by the parties covering air carrier operations. Plaintiffs were nonscheduled carriers and the owners and operators of aircraft, two of which were to be used under the agreement for the purpose of exploiting a franchise held by defendant CAVE from the Venezuelan Government for trans-Atlantic flying. In this action brought in a federal court because of the diverse citizenship' of the parties, both litigants claimed breach of the agreement. Judge Palmieri, sitting without a jury, made findings holding defendants…