The following are corrections of certain statements made in articles concerning Page Airways Inc., Wilmorite Inc. and J.P. Wilmot published during the past year.
There is no ongoing dispute between the FAA and Page with respect to an FAA audit of Page's contracts at Dulles and National airport's, as stated in our article. In fact, the matter was settled in February 1975.
Page has set aside $9 million with a court to cover an antitrust judgment against it, pending the outcome of its appeal. It is not preparing itself to make such a payment and, therefore, does not have to devote any further funds to this purpose as we suggested. Moreover, the company has paid dividends only once in its corporate history and its not having done so during the past two years is not, as we inferred, necessarily related to its having set aside the above-noted $9 million.
Wilmorite was not the recipient of $88 million in federal rent subsidies as reported. It was neither an applicant for, nor a direct beneficiary of, these funds. It only contracted with the recipient to build apartment buildings for which it was paid $16,500,000 to cover the costs of construction.
The Post reported that Page's National and Dulles airport contracts were awarded in violation of federal competitive bidding policy. We have been informed by some FAA officials that exceptions to the general competitive bidding requirements are permissible, if certain sole source criteria are satisfied and that they believe these criteria were satisfied in Page's case. There is no indication that the FAA decision to extend the Page contracts without rebidding was the product of improper activity by Page or its employes.