Imperial Airways was created against a background of stiff competition from French and German airlines that enjoyed heavy government subsidies and following the advice of the government's Hambling Committee (formally known as the C.A.T Subsidies Committee) under Sir Herbert Hambling. The committee, set up on 2 January 1923, produced a report on 15 February 1923 recommending that four of the largest existing airlines, the Instone Air Line Company, owned by shipping magnate Samuel Instone, Noel Pemberton Billing's British Marine Air Navigation (part of the Supermarine flying-boat company), the Daimler Airway, under the management of George Edward Woods, and Handley Page Transport Co Ltd., should be merged.