Word: cunarder
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Dates: during 1960-1969
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...Brasenose College). The partner supplies most of the capital, Cotton the knowledge. Last year he formed such a partnership with Isaac Wolfson's Great Universal Stores to rebuild many of the chain's 2,000 branches. He is now negotiating similar partnerships with Philips Electrical and Cunard...
Sinking ever deeper into the red as more and more transatlantic passengers switched to planes, Britain's famed old Cunard line two years ago decided to take to the air itself. With blessing of the British government's Air Transport Licensing Board, Cunard bought up the small Bermuda-Nassau-England Eagle Airways, renamed it Cunard Eagle, ordered itself some expensive jets and pre pared to fly as well as sail the Atlantic. At that point, another agency of the British government objected. Air Minister Peter Thorneycroft vetoed the idea on the ground that the government-owned British Overseas...
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...
Board regulations provide that schedule carriers are permitted to operate charter flights only to the extent of 10 per cent of their mileage on regularly scheduled flights. Under this provision, Cunard Eagle would only be allowed to operate about 20 charter flights a year to this country...
...Cunard Eagle appealed to the Ministry of Aviation, which has discussed the matter with U.S. State Department officials. The dispute was not resolved, but Britain agreed to extend permission for American charter flights to the U.K. until June...