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Aviation History
1967
1967 - 0043.PDF
ftlCHT International, 12 January 1967 43 Sir Thomas Sopwith, as famous in yachting as in aviation, active as ever at 78, was an interested visitor to the Boat Show in London. Seated in an RAF rescue Whirlwind, he is seen in conversation with Fit Lt John Hill, recently awarded an AFC for his part in rescues from the North Sea oil rig "Sea dm" Siddeley Group also is not restricted to the merger negotiations but has a general advisory basis. For the Ministry, Baring Brothers were appointed last month and have begun -work on a de- tailed assessment of the capital value and structure of the two companies. LIGHT-AIRCRAFT ELECTRONICS... . . . will be the subject of a special feature—including valuable reference data—in Flight next week (January 19). Financial Plan for Douglas Douglas Aircraft Company announced on January 3 that agreement in principle had been reached with a number of banks on "a comprehensive plan to meet the current and anticipated finan- cial requirements of the company." The Statement continued: — "The plan includes further assistance to Douglas' foreign airline customers by the Export-Import Bank, advance payments from airlines that have ordered DC-8 and "C-9 jetliners, extension of credit by several of the company's major suppliersa nd a flexible line of commercial bank "edit, part of which will take the form of Federally-guaranteed V-loan. A formal loan agreement is now under Preparation by the banks. "In addition to Security First National ank, Los Angeles, which acts as agent, ther United States banks involved are the °ank of America, First National City J ank, Chase Manhattan Bank, Morgan guaranty Trust Co, Chemical Bank NewY °rk Trust Co, Continental Illinois National Bank and Trust Co, and Mellon National Bank and Trust Co. In Canada, the Canadian Imperial Bank of Commerce participates through a line of credit extended to Douglas Aircraft Company of Canada Ltd, a wholly-owned subsidiary in Malton, Ontario." New MD for Shorts Mr P. F. Foreman has been appointed managing director of Short Brothers & Harland in succession to Mr R. E. Harvey, who relinquished his post at the end of 1966. Mr Foreman joined the company in 1958 as head of ship equip- ment in the guided weapons department, became chief engineer in 1964, was elected to the board in April 1965 and was appointed deputy managing director in May 1966. Mr Harvey joined the company in 1943 as chief production engineer and become a director ten years later. He was appointed deputy managing director in 1957, joint managing director in 1961 and managing director in September 1964. Commenting on the change, Mr Fore- man said that Mr Harvey, who would have retired in a few years' time, felt he should relinquish his post as he would not be able to see through projects ex- tending over the next ten years. There had been no dispute between Mr Harvey and himself on policy, Mr Foreman added. Mr P. F. Foreman Mr R. E. Harvey It was disclosed in a written Parlia- mentary reply on December 21 that Shorts are to receive from the Govern- ment a loan of £510,000 "to enable them to maintain their current programme." The Minister of Aviation, Mr Mulley, stated that the conditional grant of £10 million announced in February 1963 (£7.5 million from the UK Government and £2.5 million from the Government of Northern Ireland) "has proved in- sufficient to meet the company's needs during the period while they are com- pleting orders for Belfast aircraft and Seacat missiles." The terms of this loan, which is sepa- rate from the special loan of £2.5 mil- lion for Skyvan production, are being negotiated with the company and a sup- plementary estimate will foe laid before Parliament. Mr Mulley added: "This is an interim advance and the question of what addi- tional aid may be required to enable them to carry on until 31st August, 1967, «* when the agreement relating to the con- ditional grant comes to an end, will be reviewed early in the New Year." SENSOR Announcement of Stansted as the third London airport is expected before the end of this month. Mr Healey and M Messmer are due to meet in Paris on Monday next to try to reach agreement on a go- ahead for the AFVG. The British attitude will be that we will go ahead alone if necessary but that we will take two out of three of the produc- tion run instead of the one-for-one arrangement, to help the French side's budgetary difficulties. British Eagle is so unhappy at the Government's refusal to waive duty on its Boeing 7O7-32OCs that it may not take delivery of the aircraft. The first, due for delivery in February, may be leased to another carrier. The RAF's order for 20 Boeing- Vertol CH-47B Chinook heavy-lift heli- copters is expected to be announced soon. There will be very little "anglici- sation". The order for 60 Sud 300s is decided in principle but will not be placed or announced pending the out- come of other "politically contingent" Anglo-French negotiations. BEA is stiil interested in the BAC Two-Eleven project to meet its interim airbus requirement, though present studies are based on four Speys instead of on two Conways. The airbus, mean- while, is still a 250 300-seater but BEA consider that this would be much too big until towards the end of the seventies when passenger traffic and —looming in importance—"containeri- sation" will demand this size of aircraft. Two-Eleven notwithstanding, BEA still wants the Trident 3. Hawker Siddeley Dynamics is associated with the American TRW company in its tender for the two military communication satellites to be bought by the British Ministry of Defence. HSD is also interested in meeting future requirements for military communication satellites from NATO and countries such as Australia. An all-cargo subsidiary is to be set up by BKS, and the independent is expected to implement further big changes soon. More emphasis is likely on "IT" work for which there appears to be a cargo potential market in the West Riding. Domestic services from London to Leeds and Newcastle are likely to be reduced in the face of rail competition. The airline would like Leeds/Bradford's main runway extended from 5,400 to 7,500ft to cope with One-Elevens for Mediterranean charter work. BKS has had a presenta- tion from Boeing on the 737. Official estimates of the number of qualified staff emigrating from the UK aircraft industry in recent years are: 1962,87; 1963,80; 1964, 106; 1965, 182. The losses in 1966 are expected to be about 300 (see "Sir George on the Industry," overleaf).
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