THERE is in our opinion no justification for the wave of pessimism about the immediate prospects of the British Aircraft Industry that undoubtedly swept over the country a few months ago. This was engendered by the cuts that were exercised in the Air Estimates in regard to certain types of aircraft, involving the cancellation of orders to some firms. Followed as this was by the appearance over here of a number of American bomber squadrons it was not perhaps surprising that the feeling developed that the axe was about to fall more widely. The view spread that we were going to hand over to the United States the provision of heavy bombers, with serious results for a larger number of firms in the British industry.
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