Word: boac
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Dates: during 1940-1949
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...overseas airlines were in the black. A few foreign airlines were making small profits-if one ignored state services not charged to their books. But U.S. airlines' biggest rival, Britain's state-owned cluster of chosen instruments, was bogged down. The cluster's biggest star, BOAC, had lost ?5 million for the twelve months ended in March. There were estimates that the 1947 loss would double that...
Muddling Through. To cope with the problem, BOAC last month sent in a new team. In as chairman, replacing Lord Knollys (rhymes with coals), went 68-year-old Sir Harold Hartley, famed chemist and transportation expert who had managed Britain's aviation gasoline program in World War II. As his managing director, Sir Harold got young (34), handsome Whitney Straight,* ex-R.A.F. pilot and commodore in Britain's Transport Command. Born in the U.S., Straight has lived in England since he was 13. He became a British subject and in his 20s he founded the Straight Corp...
...effecting in practice what the U.S. had turned down in theory at last year's Chicago air conference. The British wanted to limit the total seating capacity on any international route to a level only slightly higher than the actual demand for seats. Thus Britain's BOAC would be assured a share of the business...
...American expect to get bigger Constellations in the next few months. If the limitation is still in force, they will then be forced to fly some of their planes partly empty. Passengers who want to fly will have to pay higher rates and travel on BOAC's obsolescent Clippers. U.S. airmen hoped that the limitation would be temporary, and would be lifted when the North Atlantic Conference of the International Air Transport Association meets in New York Jan. 8. But the British said nothing about a time limit...
This upset the French, ready to sign an air pact with the U.S. The French, no more ready than Britain's BOAC to compete with U.S. airlines, were not so sure now that they wanted U.S. airlines flying into their country at such low prices...