CONTROL OF AIR LINES.
AMERICAN IN AUSTRALIA. BIG MERGER INTENDED. Received August 9. 10.5 a.m. LOS ANGELES, Aug. 8. Mr Eric Cliaseling, who is engaged in a technical survey on behalf of Australian air lines, when interviewed .by the Australian Associated Press, said he believed that the reported attempt of American capital to control the Australian air lines would not succeed. The American syndicate was represented in Australia by a Denver mining man, Mr Seth Terry. It is rumoured that the Americans propose to buy a majority of the stock in Australian air lines, including Qantas, Empire, Australian National, MacRobertson, Miller and Guinea Airways, merging them into a single company. A cable on Saturday said: —The belief prevails in banking circles that Pan-Amc-rican Airways are one of the principal backers of the Australian inter-capital aviation scheme “in order to provide a do mcstic link-up with the Pacific service." The principal officials of Pan-American Airways refuse to comment, but the New York office said it was without confirmation. Hie National City Bank categorically denied any connection, financial or otherwise, with the enterprise.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19370809.2.85
Bibliographic details
Manawatu Standard, Volume LVII, Issue 213, 9 August 1937, Page 7
Word Count
181CONTROL OF AIR LINES. Manawatu Standard, Volume LVII, Issue 213, 9 August 1937, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in