B.O.A.C. AHEAD
(N.Z. Press Assn.—Copyright) LONDON, Sept. 7. A record £lom profit was made by British Overseas Airways Corporation in 1963-64, according to Angus Macpherson, the “Daily Mail” air correspondent. He said: “This triumphant turnround after the accumulated deficit had soared to £Bom suggests: “That the big 8.0.A.C. shakeup ordered by the Aviation Minister earlier this year was unnecessary as the airline had already pulled itself out of the red. “That the cut of 23 super VClOs wanted by the new chairman, Sir Giles Guthrie, was also unnecessary as 8.0.A.C. now need new aircraft to meet a travel boom.” He said the profit would pay off all the interest on Government capital advances to the airline including the interest on the deficit. The 8.0.A.C. accounts will not be published until November—after the General Election. He said the VCIO had shown “fantastic passenger appeal” and loads had been regularly over 80 per cent and had reached 98 per cent on some routes.
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Bibliographic details
Press, Volume CIII, Issue 30540, 8 September 1964, Page 15
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161B.O.A.C. AHEAD Press, Volume CIII, Issue 30540, 8 September 1964, Page 15
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