HEAVY LOSS ON YEAR’S OPERATION OF STATE-OWNED AIRWAYS

Evening Star, Issue 26154, 16 July 1947, Page 5

HEAVY LOSS ON YEAR’S OPERATION OF STATE-OWNED AIRWAYS

LONDON, July 13. The State-owned British Overseas Airways Corporation made a loss of af (east £5,000,000 in its first year of normal working, •-■inch is'by far its greatest !gss since it started seven years ago, say? the ' Daily Express.’ A special staff js working on the accounts, which Wilj be presented to Parliament toward? the end of the year. ‘ The eorrmratioil’s 1 new chairman, Sir Harold Hartley; ordered every branch drastically to opt its expense?. : ‘ - Tb© ‘ Daily Express ’ says the corporation states that the reasons for the heavy losses are, first, the use of adapted war planes, which are unable to compete with the latest foreign air liners; secondly, the need to operate with 11 types jif aircraft and 10 different types of engine, calling for expensive duplication of maintenance plant; thirdly, Government insistence on uneeomonio route operations. The corporation’s traffic experts say that many services on the Australian and Far Eastern routes are losing heavily because the planes lack speed.