GA Wary About Return
p. 13 · Read in the full issue
To New Guinea
ALTHOUGH Guinea Airways Ltd. has been forced out of its profitable Northern Territory Service (which it developed in 1942-3 after it had been driven out of New Guinea by the Jap invasion) and therefore has funds and equipment available, it has made no move to re-enter the transport industry in New Guinea.
The Chairman (Mr. Sidney Powell) at the Annual Meeting in Adelaide recently, said that they had sent a representative to New Guinea to investigate prospects; but his report made it clear that condi tions there were still too confused to induce the Company to resume opera tions.
“There is the added risk,” said the Chairman, bitterly, “that if, after the considerable expense of establishing an airline, the venture is successful, the Government may take over the business for the benefit of its own airlines.” That, of course, is what happened in the Northern Territory.
Guinea Airways, which is now in a very sound financial condition, “will con tinue to watch developments.”