Word: boac
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Dates: during 1950-1959
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Last week the airline also had good news for the British government, which owns it, and which has been stuck with yearly losses as big as $33 million. BOAC Managing Director Whitney Straight reported that in the fiscal year ended in March, BOAC would probably show a net profit of about ?500,000 ($1,400,000), the first profit in its history...
...R.A.F. pilot during World War II. He shot down at least three planes, won both the Military Cross for valor and the Distinguished Flying Cross, toward war's end helped run Britain's Transport Group as an air commodore. When he took on the BOAC job five years ago, even his friends thought he was showing bravery far beyond the call of duty. BOAC had a bewildering variety of planes, most of them obsolete ex-bombers, patrol boats...
Straight Corp., Ltd. He soon found himself controlling 23 airlines, including Western, busiest in the British Isles. Straight, who was just 34 when he took on the ?5,000-a-year BOAC job, used his private-enterprising know-how in the Socialist government's airline. He started lopping the payroll, soon trimmed the staff from 24,000 to 16,000. He hacked off some of BOAC's worst money-losing runs, began junking obsolete planes and, like a practical businessman, went after the best planes to replace them even if they didn't happen to be British...
Straight was solidly backed by BOAC's chairman, Sir Miles Thomas, 55, a production man who had made his name at Lord Nuffield's Morris Motors, Ltd. An aggressive salesman, Sir Miles, unlike blunt, outspoken Straight, was also able to maintain smooth relations with Whitehall and keep Parliament off Straight's back...
...student travel. As of May 1, the new transatlantic coach service will be put into operation. Round-trip fares are scheduled for; New York-London, $486; Amsterdam, $522; Copenhagen, $563.60; Paris, $522; Zurich, $563.60. Sponsors include almost every major line. Take your pick from Air France, KLM, Sabena, Swissair, BOAC, Scandinavian Airways System, PAA, and T.W.A...