AVIATION INDUSTRY
BIG AMERICAN COMBINE (Australian Press Association.) New York, December 16. The largest consolidation yet undertaken in the American aviation industry, resulting in the-formation of a corporation with securities having a market value of 150 million dollars, his been arranged under the auspices of the National City Company and Pacific National Bank of Seattle. Officials of the National City Bank, General Motors Corporation, the Ford Motor Company, and the Standard Oil Company will be included on the board of directors. Hie new concern, which will merge the Pratt- Whitney Aircraft Corporation and two. other large eompa.nies, is to be known as the United Aircraft and TrunsDort Corpora tidin'
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Bibliographic details
Dominion, Volume 22, Issue 72, 18 December 1928, Page 10
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109AVIATION INDUSTRY Dominion, Volume 22, Issue 72, 18 December 1928, Page 10
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