Big Aeroplane Deal

Profile picture for user Dave Homewood

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15 years 7 months

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While searching Papers Past I spotted this article from the WANGANUI HERALD, dated 20 March 1920. Does anyone have any idea how many aeroplanes this involved? That's a huge sum back then! BIG AEROPLANE DEAL. LONDON. March 19. It is officially stated that the purchase price of the entire stock of surplus aeroplanes, etc., is one million sterling. The Government receives fifty per cent of the profits on re-sale. Messrs Godfrey Isaacs, Handley Page and Theodore Page are directors of the new company which has purchased the Government's surplus aeroplanes.
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Profile picture for user jeepman

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15 years 6 months

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Presumably this is the Aeroplane Disposal Company. The deal involved over 10000 airframes and 35000 aero engines

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2 years 7 months

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About £45m or so today apparently...

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1 year

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Oh for a time machine to go back - and return to the present day with aircraft, engines and propellers...………………..
Profile picture for user Dave Homewood

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15 years 7 months

Posts: 5,504

Wow that is quite impressive. £1,000,000 in 1920 must have seemed like such a huge figure too.