B.E.A. REPORT
Answer To Jet Competition
(Rec. 11 p.m.) LONDON, Aug. 28. The British European Airways planned to line up a fleet of purejet airliners by the early 1960’s to answer intensifying foreign competition, the company announced today.
The B.E.A. chairman, Lord Douglas of Kirtleside, said that it was hoped within a few weeks to name the airliner the company intended to order to meet the challenge of rival jet airliners flying over its routes. He was commenting on B.E.A. s annual report, which revealed that the airline envisaged an airliner capable of carrying up to 100 passengers over 1000-mile flights with a cruising speed of about 600 miles an hour.
The report said that 8.E.A., whose traffic would probably rise by 85 per cent, in the next five years, could not competitively afford to be without a jet airliner in the 1960’5.
The report said that during the year B.E.A. made a net profit of £216,770, compared with £603.614 in 1955-56. The 64 per cent, drop was due to the credit squeeze and troubles in the Middle East. A total traffic increase of 20 per cent, had been budgeted for, but it rose only by 14 per cent.
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Bibliographic details
Press, Volume XCVI, Issue 28368, 29 August 1957, Page 13
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199B.E.A. REPORT Press, Volume XCVI, Issue 28368, 29 August 1957, Page 13
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