HC Deb 19 October 1976 vol 917 c440W
Mr. Russell Kerr

asked the Secretary of State for Trade whether he has set the British Airways Board a financial objective in accordance with Section 50 of the Civil Aviation Act 1971.

Mr. Clinton Davis

Yes. My right hon. Friend has required the British Airways Board to achieve an average rate of return on mean net assets of 11 per cent. over the four financial years 1975–76 to 1978–79.