AVIATION IN BRITAIN
FOUR COMPANIES MERGE. GOVERNMENT SUBSIDY. LONDON, December 3. A new era has dawned in British aviation (says the London Daily Mail) with the, signing of the contract between the Treasury and the British, Foreign, and Colonial Corporation, a national company capitalised at £1,000,000,-, and merging th© following four concernsHandley-Page, ■ Tnstone, Daimler, and the British Marine and AiL Navigation companies. The Government will grant a subsidy of £1,000,000, spread over 10 years, and the new company will begin its flying operations early in the new year. Sir Eric Geddes will be chairman. The company receives its subsidy on condition that the personnel and machines shall be exclusively British, and that the aeroplanes shall fly an aggregate of 1,000,000 miles a year. The company intends to equip expresses for the purpose of night flying. These,will be driven by three separate engines, which practically eliminate the risk of forced landing. The company will develop passenger, goods, and mail carrying, and will train many pilots. Probably the fares on many routes will be reduced.
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Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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173AVIATION IN BRITAIN Otago Daily Times, Issue 19046, 17 December 1923, Page 7
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