A MERGER
OF EAST COAST AIRWAYS. (Per Press Association-Copyright). GISBORNE, March 11. A recommendatidn that East Coast Airways should be absorbed by Union Airways is 'contained in a circular issued to shareholders by the directors of thfc former Company. Who'. explain that Union Airways have agreed to take over the shares at par.. It is disclosed that Union Airways hold a controlling interest in the local company which finds its capital inadequate to permit of the necessary expansion,.. ■East Coast Airways has the* distinction of being ?Be first company licensed to carry on commercial aviation in the Dominion.' . . . :.;V '
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Bibliographic details
Hokitika Guardian, 11 March 1938, Page 5
Word Count
99A MERGER Hokitika Guardian, 11 March 1938, Page 5
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