HC Deb 17 February 1976 vol 905 cc632-3W
Mr. Tebbit

asked the Secretary of State for Trade if the financial arrangements concerning grant in aid to the CAA announced in Command Paper No. 6400, "Future Civil Aviation Policy", represent a change from the present policy that the authority should break even by 1977–78.

Mr. Clinton Davis

The relevant paragraphs of Cmnd. 6400 repeat in essence the financial objectives embodied in paragraph 29 of Cmnd. 4899 and similarly identify two areas in which the Authority is not expected to achieve early breakeven. There is a marginal change to reflect the possibility of a small residual deficit remaining in 1977–78 on the Authority's other activities.

Forward to