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Airways Corporations (Financial Losses)

Volume 440: debated on Monday 21 July 1947

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asked the Parliamentary Secretary to the Ministry of Civil Aviation what losses have been incurred by B.O.A.C., B.E.A.C., and R.S.A.A.C. since these corporations commenced operating.

It is not possible to give the information in the form sought by the hon. Member. From 1st April, 1940, when the British Overseas Airways Corporation commenced operations, to 31st March, 1946, the latest date or which audited figures are available, the resource of the Corporation were at the disposai and subject to the directions of the Government. For the greater part of the period the air services of the Corporation were closely integrated with those of Transport Command in support of the war. Under these arrangements there was until 31st March, 1946, extensive mutual waiver of financial adjustment between the Corporation and Government Departments in respect of supplies and services each furnished to the other The resultant deficiency grants from public funds in respect of air transport and other services undertaken by the Corporation during the six years to 31st March, 1946, amount to i1r,607,406. Results for the year beginning 1st April, 1946, during which the British European Airways Corporation and British South American Airways Corporation were formed, will not be known until the accounts of the three Corporations are available.