|
Southern Airways Ltd
The Straight Corporation Ltd was a significant operator of British airlines, airports and flying clubs from 1935 until the mid 1970s. Its major unit, Western Airways, expanded to become an important parts manufacturer, a maintenance, repair and upgrade organisation, and a builder of transport aircraft. Foundation Whitney Willard Straight was a successful racing driver in the early 1930s, but his American millionaire mother and English step-father, Dorothy and Leonard Elmhirst, were concerned for his safety and sought a less dangerous occupation for him, especially as he was about to marry. At a dinner at their home, Dartington Hall in Devon, they discussed this with William (Bill) Parkhouse, who was the owner of a local auto engineering company, and founder of Haldon Airfield, where Straight had learned to fly a few years earlier. Parkhouse had been concerned that smaller airports, such as Exeter and Torquay, with which he was also involved, and smaller airlines, were too ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
