Word: boac
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Dates: during 1960-1969
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France and Britain are already far along in their $500 million program to develop their own supersonic airliner, the needle-nosed Concorde. Last week, in a surprise turnabout, the British and French state-owned airlines-BOAC and Air France-placed six orders apiece for the rival U.S. supersonic transport. Though the exact design of the American SST has not yet been determined, the plane will definitely be bigger and faster, and will have a longer range than the Mach 2.2 Concorde. The British-French move not only gave a heartening boost to the U.S. project but stirred new doubts about...
...Pakistan International Airlines Boeing 720 jets, which are expected to begin the new run next year. If the Japanese go along as they may if Japan airlines get reciprocal rights, the Sino-Pakistan deal would be not only a political but an economic plum: for years Western airlines, including BOAC, have tried but failed to obtain landing rights in China. In Washington, the State Department termed the air agreement "an unfortunate breach of free world solidarity." And when Under Secretary of State George Ball flies to Pakistan this week for talks with Ayub, he will make clear U.S. concern over...
...real estate. Currently Loke has a particularly exciting flock under observation. As a public service, he volunteered four years ago to become unpaid chairman of Malayan Airways Ltd. To revive the rundown line, Loke ordered a fleet of Fokker F-27s to replace decrepit DC-3s and leased a BOAC Comet. This week, in cooperation with Hong Kong's Cathay Pacific Airways and Thai International, Malayan will begin to offer 58 weekly flights between major Southeast Asian cities. Unlike Loke's other winged friends, Malayan has proved a profitable hobby, last year had pre-tax earnings...
Amery not only knuckle-rapped Slattery for his remarks, but said that the government has ordered an independent investigation of BOAC's management policies and prospects, with the possible idea of merging BOAC and BEA. Though BOAC has paid some $98 million in interest since 1952, Amery pointed out that the company would still have a $90 million debt even if the government had advanced its capital interest-free...
...BOAC's losses stem largely from its decision to buy British aircraft. In 1955, it ordered a fleet of sleek, new Comet4 long-range pure jets and, after delivery in 1958, saw them made obsolete within a year by more economical, longer-range U.S. Boeing 707s. Now BOAC has 16 Boeing 707s; but it is stuck with 60 prop planes, propjets and Comets, whose value, according to the last BOAC annual report, is "?30 million less than book value...