COMMERCIAL AVIATION
HOME FIRM’S OPERATIONS
BIG PROFIT FOR YEAR
INDIA SERVICE POPULAR,
(British Official Wireless.) (Received! at '& p.ni. to-day.) RUGBY, Sept. 17
A preliminary statement of the results of Imperial Airways for the year ending; March 31, shows that despite the world-wide trade depression:, which was very liable, ta affect air transport, the profit before deducting changes for obsolescence was over £115,000, compared with £115,000 last. year. With the rapid development and improvement in: air designs the directors have set aside £85,000 for obsolesence, as against £26,000 last year. "The year was the first, of the Eng-land-India service, which proved very profitable. Less profit was made on the shorter services owing .to the coinpetition of heavily subsidised Continental air lines.
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Bibliographic details
Hawera Star, Volume L, 18 September 1930, Page 9
Word Count
120COMMERCIAL AVIATION Hawera Star, Volume L, 18 September 1930, Page 9
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