AIR MERGER PLANNED
Shareholders of Now Guinea Airways Limited. arr to 1.0 asked next month t< aytree to a proposal lor :i no l lyvr ol th* i:nmpnny with Australian National Airway I'ty.. Limited. Tin- proposal in for N.v Coin.-a Airways to sell tin- whole ol it: undortakim:, except some assets, lor A2T.,UOfl. to ljo satisfied by tin- issue lo tin- co npatty of •JT.'i.tHHi fully-paid H per cent, pivfr-r----euco stiares of AT each in A.N.A. Guinea Airways, Limited, a pioneer airway company, was formed in Adelaide in 1927 and demonstrated for the first time the importance of com t'crcial aviation in the development of unexplored country, it showed profitable results from its incept inti without. auv form of State subsidy. A.N.A., 'he largest airway company it Australia, is a proprietary company incorporated in Victoria. Shippintr companies, includin'.; Orient Steam N.avittaUon, Union Steam Ship, iiuddart. Parker and Adelaide Steamship, are Ihe main shareholders.
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Bibliographic details
Gisborne Herald, Volume LXXII, Issue 21603, 4 January 1945, Page 8
Word Count
153AIR MERGER PLANNED Gisborne Herald, Volume LXXII, Issue 21603, 4 January 1945, Page 8
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