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On May 26, 1941, the German battleship Bismarck was sunk by torpedo bombers from the HMS Ark Royal and HMS Victorious, becoming the first battleship in history to be sunk by carrier-based aircraft at sea.

What if that didn't happen? Suppose the first wave of aircraft sent against Bismarck gets lost and doesn't deliver the attacks that crippled her and left her open to the second wave. How would that affect the war?
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