Entry Upon Australian Air
p. 76 · Read in the full issue
Guinea Airways To
Extend
Entry Upon Australian Air Routes
'T'HE directors of Guinea Airways Ltd. 1 announced On May 31 that it was intended to issue 80,000 7 per cent CUlUU lative participating preference shares of . „ rr,, ... , m the company. The money Will be used principally to buy high-powered multi-engined aircraft and to establish adequate ground organisations in selected districts in Australia.
The directors propose to extend the P resent Darwin to Adelaide service dir ect to Melbourne. It is expected that the distance Of more than 2,000 miles Will „ „ bp rovprPf t reeularlv in one, dav In boon COVerea regularly ill onei tidy, in addition, a direct service between Ade laide and Sydney is expected to be estab qnmi and othpr rnntps -irp bpimr il&tiecl soon > anti ottiei rOUteS dre being Considered. It is also Stated that the Dar win to Adelaide service will be duplicated nc . Qnnn warrants it ES 80011 aS tr 3 ™ o warrants it.
The whole Of the ISSU6 of new shares has been underwritten.