Britain: Brickbats at BOAC

Since he took over as head of Brit ain's ailing BOAC in early 1964, Sir Giles Guthrie, 51, has worked a minor miracle. Unfazed by the state-owned airline's $224 million accumulated def icit, brought about mostly by costly equipment flops in the 1950s, ex-Banker Guthrie lopped off money-losing routes, eliminated nonessential jobs, enlivened the company's advertising. His no-nonsense reforms soon had BOAC in the black for the first time in eight years; next month the company will announce record annual earnings of $64 million. The most remarkable thing about the remarkable turnabout is that it has brought Sir Giles...

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