Political Notes Mercury Airlines Winds Up Because of Labour Victory

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One of the smaller commercial airlines, Mercury Airlines, is going out of business. In a statement on October 21st, the compnny's managing director, Lord Calthorpe said: "We have had our best-ever year, but more capital was needed to cover our plans for expansion....The syndicate who had been interested" (in putting capital in) "naturally wanted high returns for a high-risk investment...But the syndicate felt that any high returns would be whittled down by various forms of taxation they feared from a Labour Government..."' This incident confirms what trade unionists in the aircraft industry have heen saying:that the Tory Government deliberately fostered commercial aviation at the expense of the nationalised lines, The talk about.'hizh returns! souns ominous in view of the charges that safety has been neglected in favour of high profits.