Word: boac
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...Union may never become a true Common Market airline. Britain's BOAC and BEA have announced that they will not join even if Britain enters the Com mon Market. The Netherlands' KLM, which walked out of the negotiations three years ago in disgust over its allotted share of the revenues, now seems anxious to jump back in-but on its own terms. But even if only the present four lines join Air Union, their reduced costs will give them an advantage in competition with U.S. overseas airlines. This argument is sure to be made when...
...financial headache to the airlines. Between the high costs of the switchover to jets and the bitter competition for passengers to fill the bigger jets. West Germany's Lufthansa last year lost about $25 million, Scandinavia's SAS about $17 million, and Britain's BOAC at least $28 million. Latest victim of the jet squeeze: The Netherlands' KLM, one of Europe's few privately managed airlines, and long among its most profitable...
Last week the impasse between the two companies was broken when BOAC Chairman Sir Matthew Slattery and Cunard Chairman Sir John Brocklebank shook hands on a compromise settlement. They formed a new subsidiary, BOAC-Cunard, which will handle transatlantic flights for both. The company will be an odd new kind of corporate bird for England-70% government-owned (BOAC), 30% privately owned (Cunard). London's Daily Mail called it "the half and halfer-a curious affair." The Labor Party's aviation expert, Fred Lee, wanted to know whether, under the new arrangement, "the taxpayer is going to subsidize...
...Africa. In Trippe's view, only a single U.S. flag carrier can compete successfully on the North Atlantic routes, where both Pan Am and TWA have lately suffered heavy traffic losses to state-owned foreign airlines (BOAC, Air France, KLM, etc.). Pan Am also fears a threatened invasion of its traditional Latin American preserve by Russia's Aeroflot, which has been quietly negotiating its way across Africa toward Rio de Janeiro...
...charter flights are operated by British Oversees Airways Corporation. Yesterday, a BOAC official explained that "you certainly wouldn't expect the British government to penalize one of its own firms...