Split In Guinea Airways
p. 47 · Read in the full issue
mHE disagreement among shareholders J. of Guinea Airways, Ltd., on the proposed merger with Australian National Airways (which was defeated in a general meeting) looks like developing into a legal squabble. Four of the dir ectors responsible for the merger plan resigned. The four vacancies were con tested by two panels: Pro-Merger: S. Powell, A. Moulden, R.
B. Wiltshire, W. lan Potter.
Anti-Merger: R. M. Ansett, Donald Reid, L. H. M. Marritt, R. P. Goode.
The voting at the general meeting called to elect four directors was very close, and was complicated by the lodge ment of an extraordinary number of proxies.
After an adjournment, and a counting of votes, it was announced that the Pro- Merger Panel had been successful, by a comparatively small majority.
Although there has been no indication that the merger plan will be proceeded with, there appears to be much ill-feeling between the two sections of shareholders.
Mr. R. M. Ansett has announced that he intends to challenge the election of the four directors in the South Australian Courts. (GA head office is in Adelaide.)