Aviation: Quite a Mother-in-Law

Like a loving, wealthy mother with a homely daughter, Britain's Labor government for months has hinted at, prompted and hoped for a marriage between the forlorn British Aircraft Corp. and the airframe interests of the handsomely profitable Hawker Siddeley Group Ltd. BAC was shyly willing; Hawker Siddeley was reluctant. Whereupon the old lady—Her Majesty's government—stepped in, urged a sort of shotgun merger.

In proposing" (which in this case is a euphemism for ordering) the merger of the two to the House of Commons, Minister of Aviation Fred Mulley argued that the new, merged firm would put the ailing British aircraft...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!