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Boeing Stratocruisers

Volume 462: debated on Wednesday 16 March 1949

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asked the Parliamentary Secretary to the Ministry of Civil Aviation what is the nature of the financial arrangements with the United States for the payment for the six Boeing Stratocruisers on order.

The financial arrangements are embodied in a contract between British Overseas Airways Corporation and the Boeing Aircraft Company. The details of this contract are a matter of management reserved to the Corporation.

Could the hon. Gentleman say how much of the purchase price has already been paid? Is there an escape clause in the contract in case the aircraft do not come up to the specification required?

Nearly 6,000,000 dollars have already been paid. I really could not answer the second part of the supplementary question without notice.