Britain’S Share
p. 61 · Read in the full issue
IN
Pacific Aviation
ris believed by some that Britain, seeking to get rid of some of her [more cumbersome overseas invest- Lments, has asked Australia and New [Zealand to take over her share of [Tasman Empire Airways, Limited, and British Commonwealth Pacific I Airlines. i These big air transport concerns [were formed or taken over by the three Governments a few years ago, [when all three were being run by the [Socialists and there was naturally a [wave of sentiment against private [enterprise. Each represented a large capital cost in which the three par ticipated thus;—
TEAL, efficiently managed by New Zealanders, has a fine record of service, is expanding healthily ,and showed a profit last year of £31,812.
BCPA has been operating at a loss, which has to be made good by the member Governments. TEAL operates the Australia-NZ, NZ-Fiji and Fiji-Tahiti services. BCPA runs big aircraft trans-Pacific between Australia, New Zealand and North America.
All three countries were repre sented at an unexplained conference in Canberra late in August, to deal with these matters. It may have been the result of the new tie-up between United States, Australia and NZ on Pacific defence. One reason for Britain originally coming into Pacific aviation was connected with defence. Since then, the United States, to a large extent, has taken the place of Britain in plans for Pacific defence.
Brit. Aust. NZ % % %