AIRWAYS MERGER
EAST COAST COMPANY PROPOSAL TO SHAREHOLDERS (By Telegraph.—Press Association) GISBORNE, Friday A recommendation that East Coast Airways should be' absorbed by Union Airways Is contained In a circular Issued to shareholders by the directors of the former company, who explain that Union Airways haye 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 necessary expansion. East Coast Airways has the distinction of being the first company licensed to carry on commercial aviation in the Dominion.
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Waikato Times, Volume 122, Issue 20445, 11 March 1938, Page 8
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97AIRWAYS MERGER Waikato Times, Volume 122, Issue 20445, 11 March 1938, Page 8
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