Word: boac
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Dates: during 1960-1969
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Born. To Winston Spencer Churchill, 24, Sir Winston's eldest grandson and namesake, now a BBC broadcaster, and Minnie d'Erlanger, 24, daughter of BOAC's former chairman; their first child, a son; in London...
...quickly saw that shaky MEA could not fly solo, first enlisted the help of Pan American, then of BOAC, and finally of Air France, which got a 30% share of the line last year when Middle East merged with Air Liban. Gradually he built up an organization, trained a staff and carefully picked efficient routes. Today Middle East has a predominantly modern fleet that includes 12 jet and turboprop planes for scheduled routes, six DC-3s and a DC-4 in reserve. Backed by Beirut's Intra Bank and its shrewd chairman, Yusuf Bedas (who owns a 55% share...
...Plane Drain. That goes back to 1954, when BOAC's bid for competitive leadership in the jet age went down after a series of crashes of its much-touted Comet1 jetliner. With all the Comets grounded as unsafe until 1958, BOAC concentrated on Britannia turboprops, at the government's insistence buying only British planes. By the time the Britannias were flying the all-important North Atlantic run in 1958, competing airlines had already taken off in the bigger, faster, U.S.-made long-range pure jets. Eventually BOAC got permission to buy 20 Boeing 707s-but only...
When Sir Giles Guthrie took on the thankless job of BOAC chairman last year, he was stuck with an order for 30 unwanted Super VC-10s. In an effort to make BOAC a paying proposition, Sir Giles recently demanded cancellation of the entire order-and the purchase instead of seven Boeing 707s. That, he said, would take care of BOAC'S needs through 1968. Aircraft producers let out a "Buy British" howl, and workers from British Aircraft Corp.'s Weybridge plant marched on Parliament carrying placards: FIRST THE BRAIN DRAIN NOW THE PLANE DRAIN. Aviation Minister Julian Amery...
...Better Than No Worse. The compromise solution worked out last week pleased no one, and left BOAC's troubles unresolved. The government let BOAC off with the purchase of 17 of the 30 Super VC-10s; the Royal Air Force will take three, and production of the remaining ten will be suspended. To meet the payments of $9,000,000 per VC-10, BOAC now needs a larger handout, or perhaps even a write-off of part or all of its accumulated $224 million deficit. Said Sir Giles: "The government will ensure that financially we will...