Ownership
p. 21 · Read in the full issue
TEAL Talks About Ownership
New Zealand’s new Minister for Civil Aviation, Mr. McAlpine, is expected soon to have talks with his opposite number in Australia (Senator Paltridge) , about New Zealand taking full ownership of Tasman Empire Airways Ltd.
At present, Australia is half owner and it would cost NZ about £BOO,OOO in its currency to buy Australia out.
The prospective talks are, at least, a new angle on the old TEAL theme. Periodically, in the past, NZ has got the jitters because it was fancied that there was some dark deeds con templated on the Australian side of the Tasman, and that Qantas was preparing to swallow TEAL whole.
TEAL still enjoys its monopoly of trans-Tasman air services, but it is possible that these will have to be given up if , as TEAL obviously hopes, the airline is given rights to extend its pre sent service from Papeete through to Honolulu and pos sibly the North American coast.