Comets For Egypt
(Rec. 8 p.m.) LONDON, January 2. President Nasser of the United Arab Republic is ready to place a £3 million order for Comet jet airliners, according to the. “Daily Herald.” They are for Egypt’s airline.
The newspaper said this meant Britain had beaten off strong competition from the Russians, who had urged President Nasser to buy their TU-104 and TU-114 airliners.
The deal depended on talks started yesterday in Cairo to settle the money squabbles between Britain and Egypt which followed the Suez invasion. Egypt has £BO million “frozen" in British banks, which- President Nasser cannot touch. Both countries are claiming compensation for damage to property during the crisis. A Paris message says the United Arab Republic has paid £4,100.000 to the Suez Finance Company as part of the compensation for the nationalisation of the Suez Canal.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19590103.2.126
Bibliographic details
Press, Volume XCVIII, Issue 28784, 3 January 1959, Page 11
Word Count
140Comets For Egypt Press, Volume XCVIII, Issue 28784, 3 January 1959, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in