TNAG-0862-FCO40-1072-Involvement-of-Hong-Kong-in-air-services-agreements-1979 — Page 148

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THERE WOULD STILL BE A PROBLEM WITH PROFITABILITY OF ANZ IF FARES WERE REDUCED.

4. IT SEEMS TO US THAT EVENTS HAVE SWUNG IN OUR DIRECTION SINCE THE LAST BILATERAL AND THAT THERE IS NOW A PROSPECT OF ANZ BECOMING INTERESTED IN THE THROUGH ROUTE TO UK. HOWEVER THEY DO NOT AT PRESENT HAVE AIRCRAFT OR RIGHTS TO ENABLE THEM TO FLY THE ROUTE THEMSELVES.

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