British United Airways
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British United Airways
British United Airways (BUA) was a private, independentindependent from government-owned corporations British airline formed as a result of the merger of Airwork Services and Hunting-Clan Air Transport in July 1960, making it the largest wholly private airline based in the United Kingdom at the time. British and Commonwealth Shipping (B&C) was the new airline's main shareholder. At its inception, BUA assumed the aircraft and operations of its predecessors. These included a fleet of 90 assorted fixed-wing aircraft and helicopters that continued to operate mainly non-scheduled services. Gatwick became BUA's main operating base while Stansted was the main base for trooping flights until 1964. An order for ten BAC One-Eleven jet aircraft in May 1961 launched BUA's fleet re-equipment programme in support of its long-term policy to develop primarily as a scheduled airline. This was also the first time a private British airline had placed a launch order for a new jet. In January 196 ...
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Caledonian Airways
Caledonian Airways was a wholly private, independentindependent from government-owned corporations British charter airline formed in April 1961. It began with a single 104-seat Douglas DC-7C leased from the Belgian flag carrier Sabena.''Flying to the sun – A history of Britain's holiday airlines: 10. Transatlantic service – Caledonian Airways'', Woodley, C., The History Press, Stroud, 2016, p. 147 Caledonian grew rapidly over the coming years to become the leading transatlantic "affinity group" charter operator by the end of the decade. During that period, passenger numbers grew from just 8,000 in 1961 to 800,000 in 1970. The latter represented 22.7% of all British non-scheduled passengers. It also became Britain's most consistently profitable and financially most secure independent airline of its era, never failing to make a profit in all its ten years of existence.''Fly me, I'm Freddie!'', p. 131 By the end of 1970, Caledonian operated an all- jet fleet consisting of el ...
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Sir Freddie Laker
Sir Frederick Alfred Laker (6 August 1922 – 9 February 2006) was an English airline entrepreneur, best known for founding Laker Airways in 1966, which went bankrupt in 1982. Known as Freddie Laker, he was one of the first airline owners to adopt the " low cost / no-frills" airline business model that has since proven to be very successful worldwide with companies such as Norwegian Air, Ryanair, easyJet, AirAsia and WestJet. Biography Laker came from Canterbury in Kent, and attended the Simon Langton Grammar School for Boys, before starting work in aviation with Short Brothers in Rochester. He was a member of the Air Transport Auxiliary during and immediately after the Second World War (1941–46). He then worked briefly for British European Airways (BEA) and London Aero Motor Services (LAMS).''Fly me, I'm Freddie!'', Eglin, R. and Ritchie, B., Weidenfeld and Nicolson, London, 1980, p. 12 Having borrowed £38,000 from a wealthy friend to top up his own savings of £4,500, h ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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British Aviation Services
British Aviation Services Limited (Britavia) was an early post-World War II airline holding company and air transport operator that could trace its roots back to 1946.''Aircraft (Gone but not forgotten ... SILVER CITY)'', Vol 43, No 3, p. 41, Ian Allan Publishing, Hersham, January 2010 Its main activities included trooping, inclusive tour (IT) and worldwide passenger and freight charter services. British Aviation Services' first investment in a British independentindependent from government-owned corporations airline occurred in 1946, when it acquired a minority interest in Silver City Airways. Silver City Airways operated the world's first cross-Channel air ferry service on 13 July 1948. It subsequently became British Aviation Services' biggest operating division. In 1953, British Aviation Services took over the independent airline Air Kruise. The same year, BAS Group also took control of Aquila Airways, the last commercial flying boat operator in the United Kingdom. Flying Boats ...
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BAC One-Eleven
The BAC One-Eleven (or BAC-111/BAC 1-11) was an early jet airliner produced by the British Aircraft Corporation (BAC). Originally conceived by Hunting Aircraft as a 30-seat jet, before its merger into BAC in 1960, it was launched as an 80-seat airliner with a British United Airways order on 9 May 1961. The prototype conducted its maiden flight on 20 August 1963, and it was first delivered to its launch customer on 22 January 1965. The 119-seat, stretched 500 series was introduced in 1967. Total production amounted to 244 until 1982 in the United Kingdom and between 1982 and 1989 in Romania where nine Rombac One-Eleven were licence-built by Romaero. The short haul, narrowbody aircraft was powered by aft-mounted Rolls-Royce Spey low-bypass turbofans, a configuration similar to the earlier Sud Aviation Caravelle and later Douglas DC-9. It also competed with early Boeing 737 variants and was used by several US carriers, as well as multiple British, overseas and European airline ...
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Fixed-wing Aircraft
A fixed-wing aircraft is a heavier-than-air flying machine, such as an airplane, which is capable of flight using wings that generate lift caused by the aircraft's forward airspeed and the shape of the wings. Fixed-wing aircraft are distinct from rotary-wing aircraft (in which the wings form a rotor mounted on a spinning shaft or "mast"), and ornithopters (in which the wings flap in a manner similar to that of a bird). The wings of a fixed-wing aircraft are not necessarily rigid; kites, hang gliders, variable-sweep wing aircraft and airplanes that use wing morphing are all examples of fixed-wing aircraft. Gliding fixed-wing aircraft, including free-flying gliders of various kinds and tethered kites, can use moving air to gain altitude. Powered fixed-wing aircraft (airplanes) that gain forward thrust from an engine include powered paragliders, powered hang gliders and some ground effect vehicles. Most fixed-wing aircraft are flown by a pilot on board the craft, but some ar ...
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British And Commonwealth Holdings
British and Commonwealth Holdings plc was a financial services company which used to be a constituent of the FTSE 100 Index. History The Company was originally established in 1955 when Clan Line Steamers was merged with Union Castle to form The British & Commonwealth Shipping Company, a shipping business. Until 1987 its major shareholder was Caledonia Investments, which since 1951 has been controlled by Clan Line's founding Cayzer family. British & Commonwealth were the ultimate owners of British United Airways (BUA), Britain's largest wholly private, independent airline of the 1960s, as well as its subsidiaries and sister companies, including British United Air Ferries and British United Island Airways (BUIA). They were also a shareholder of Bristow Helicopters, at the time the UK's biggest helicopter company as well as one of the largest in the world,''High Risk: The Politics of the Air'', pp. 256/7 acquiring full control in 1985. In 1969 British and Commonwealth Shipping ...
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Hunting-Clan Air Transport
Hunting-Clan Air Transport was a wholly private, British independentindependent from government-owned corporations airline that was founded in the immediate post-World War II period.''Aeroplane — Britain's Biggest Independent Airline'', Vol. 102, No. 2625, pp. 143/4, Temple Press, London, 8 February 1962 It began trading on 1 January 1946 as Hunting Air Travel Ltd. It was a subsidiary of the Hunting Group of companies, which had come from the shipping industry and could trace its history back to the 19th century. The newly formed airline's first operating base was at Bovingdon Airport in Southeast England. Its main activities were contract, scheduled and non-scheduled domestic and international air services that were initially operated with Douglas Dakota and Vickers Viking piston airliners from the company's Bovingdon base. A change of name to Hunting Air Transport occurred in 1951. By that time, the airline had emerged as one of the healthiest and most securely financed indepen ...
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Airwork Services
Airwork Limited, also referred to during its history as Airwork Services Limited, is a wholly owned subsidiary company of VT Group plc. It has a long and rich history in providing a variety of defence support services to the Royal Air Force (RAF), Fleet Air Arm and overseas air forces, as well as having played an important role in the development of civil aviation – both in the United Kingdom and abroad. History Origins Airwork was founded in 1928 by Nigel Norman and Alan Muntz, with the opening of the private Heston Aerodrome in Middlesex.''Aeroplane – Britain's Biggest Independent Airline'', Vol. 102, No. 2625, pp. 143/4, Temple Press, London, 8 February 1962 In the early days, Airwork's chief pilot was Captain Valentine Baker MC, DFC, who later formed the world-famous Martin-Baker company with Sir James Martin. In December 1936, Airwork Limited was registered at Companies House, and the newly formed company started its long association with RAF flying training. Airwor ...
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Airline
An airline is a company that provides civil aviation, air transport services for traveling passengers and freight. Airlines use aircraft to supply these services and may form partnerships or Airline alliance, alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an Air operator's certificate, air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or Air charter, charter operators. The List of airlines by foundation date, first airline was the German airship company DELAG, founded on November 16, 1909. The four oldest non-airship airlines that still exist are the Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920) and the Czech Republic's Czech Airlines (1923). Airline ownership has seen a shift from mostly personal ownership until the 1930s to government-ownership of major airlines from the 1940s to ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ...
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