HC Deb 06 June 1962 vol 661 c72W
Mr. Stratton Mills

asked the Minister of Aviation if he will make a statement on the international aspects of the British Overseas Airways Corporation's plans for future services.

Mr. Thorneycroft

As announced this afternoon, the British Overseas Airways Corporation and the Cunard Steamship Company Ltd., have decided that it would be in their mutual interest to pool their resources on certain trans-Atlantic air routes mainly between this country, the United States and the Caribbean. They have, therefore, set up a joint subsidiary company (B.O.A.C.-Cunard Ltd.) in the United Kingdom to the capital of which the British Overseas Airways Corporation will initially contribute 70 per cent. and Cunard 30 per cent. The British Overseas Airways Corporation consulted me before concluding their agreement and I informed them that the Government had no objection to the proposal which may well be of benefit to the British civil aviation effort in this important area.

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