Air France Flight 4590 crash and possible remedies. Air France's Concorde operation had been a money-losing venture, but it is claimed that the aeroplane had been kept in service as a matter of national pride; British Airways claimed to make a profit on its Concorde operations. According to Jock Lowe, a Concorde pilot, up until the crash of Air France Flight 4590 at Paris, the British Airways Concorde operation made a net average profit of about £30m a year. Commercial service was resumed in November 2001 after a £17m safety improvement service, until the remaining aircraft were retired in 2003. The official investigation was
Anti-Concorde Project the new Labour government took office in October 1964 with a £700m annual deficit, Government-funded "prestige projects" such as the Concorde (with escalating costs) had been shortlisted for cancellation. The 1962 development estimates for Concorde were £150-170m, and had risen to £280m. Evidence of financial mismanagement also emerged and the UK Treasury, responsible for tracking government spending, had not been involved in drawing up the Anglo-French agreement to build Concorde, and was not represented on the Concorde Finance Committee. The British government announced the cancellation of the Concord on 19 November but rescinded it the next day due to agreements