Word: boac
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...Before the Conservatives took over last June, nationalized industries had grown and diversified into a group that has $25 billion in assets and accounts for 11% of Britain's gross domestic product. In addition to the enterprises the government owns outright, there are others-like British Petroleum and BOAC-that are 51% or 49% government-owned...
DEEP in the timeless Jordanian desert, the three silvery jetcraft glinted like metallic mirages in the afternoon sun, their finned tails emblazoned with the insignia of three famed airlines: TWA. BOAC and Swissair. Then suddenly a huge explosion, then another and another. The planes crumpled, then burst into flame. From the burning wreckage rose columns of black smoke that were visible 25 miles away in Amman, where Arab guerrillas fired their guns in celebration...
Georg Walterspiel, co-owner of Munich's famed old Vier Jahreszeiten, predicts that new U.S. hotels will create "murderous competition in the top class." To meet the American competition, five foreign airlines-BOAC, British European Airways, Lufthansa, Alitalia and Swissair-have teamed up with the London investment banking house of S.G. Warburg and four Eu~-ropean banks to form European Hotel Corp. The combine plans $50 million worth of hotels for the neglected low-price end of the market in London, Paris, Rome, Frankfurt, Munich and Zurich. The American challenge last month prompted a merger by two of Britain...
Many did just that, to the delight of travelers. Pan Am, TWA and Alitalia were selling $299 round trips between New York and Rome. BOAC offered a $260 fare between New York and London; Air Canada came in with $282 between Montreal and London. KLM announced its intention to reduce fares by nearly 50% from North America to Eastern Europe...
...hopes of meeting greater risks profitably, Lloyd's underwriters have increased their premiums and are aiming at leadership in new coverage. Underwriters have been meeting with executives from Pan Am, TWA and BOAC, which are seeking insurance for their new jumbo jets. What Lloyd's needs most is rich new members to cover its risks; its scouts are out scouring the golf courses and grouse shoots to get them. This year the governing committee accepted the first 16 underwriters from outside the Commonwealth. Next year the "governors" will bend tradition even more. For the first time...