"In 1962, BOAC and Cunard formed BOAC-Cunard Ltd to operate scheduled services to North America, the Caribbean and South America. BOAC provided 70% of the new company's capital and eight Boeing 707s. The independent Cunard Eagle Airways, of which Cunard held a 60% shareholding, provided two more 707s.
BOAC-Cunard leased any spare capacity to BOAC which could use it to supplement the main BOAC fleet at peak demand, and in a reciprocal arrangement BOAC would provide capacity to BOAC-Cunard on some operations when it had a shortfall.
The effect of this arrangement was to remove competition on western routes.[7] The operation was dissolved in 1966."
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BOAC/Cunard 707
From 'Wiki' -
BOAC-Cunard Ltd
BOAC-Cunard lettering on a Super VC10
"In 1962, BOAC and Cunard formed BOAC-Cunard Ltd to operate scheduled services to North America, the Caribbean and South America. BOAC provided 70% of the new company's capital and eight Boeing 707s. The independent Cunard Eagle Airways, of which Cunard held a 60% shareholding, provided two more 707s.
BOAC-Cunard leased any spare capacity to BOAC which could use it to supplement the main BOAC fleet at peak demand, and in a reciprocal arrangement BOAC would provide capacity to BOAC-Cunard on some operations when it had a shortfall.
The effect of this arrangement was to remove competition on western routes.[7] The operation was dissolved in 1966."