§ Mr. Arthur Davidsonasked the President of the Board of Trade whether he has reached a decision on the option held by the British Overseas Airways Corporation for an additional Boeing 747 aircraft; and if he will make a statement.
§ Mr. CroslandYes. Approval has now been given to B.O.A.C. to convert this option, to which I referred in answer to a Question on 16th November last year, into a firm order. The aircraft is due for delivery during 1972 and, including spares and related ground equipment, is expected to cost about £12 million. As in the case of the Boeing 747s already ordered by B.O.A.C., the dollar expenditure involved will be wholly financed through overseas borrowings.
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