airline's headquarters, which had been located in Central London since its inception. In 1968, Lloyd International and its associated companies underwent a reorganisation. This resulted in the creation of Lloyd International Airways (Holding) as the group's holding company with J. Ortiz-Patiño as chairman. Lloyd International Airways (Holding) acquired the entire share capital of Lloyd International Airways, Lloyd Aircraft Services, Brokaloyd and other associated companies. Effectively, this constituted a transfer of shares from Aviation Management, a company based in Hong Kong, to the new British holding company. In 1969, Lloyd International purchased two former British United Airways (BUA) Britannia 307s. This doubled the size of the airline's Britannia fleet to four aircraft. These aircraft were fully convertible, with large freight doors. They could either be operated as pure freighters, in a mixed passenger/cargo configuration or as all-passenger aircraft seating up to 132 passengers. The addition of these aircraft gave the airline greater flexibility in its core long-distance charter operation, which mainly consisted of ad hoc passenger/seamen and cargo flights between Europe and the Far East, primarily to and from Hong Kong. Lloyd International also developed additional sales and promotional facilities on the Europe — Hong Kong route in association with the Ben Line, a well-known Far Eastern shipping line, to increase air cargo volumes. Lloyd International's first jet aircraft, an ex-Pan Am Boeing 707-321, entered service in 1970. Lloyd's new long-haul jet operated affinity group flights across the North Atlantic to the United States and Canada as well as passenger and freight charters to the Far East. In January 1971, Lloyd International entered into an agreement with East African Airways Corporation (EAAC) to operate scheduled all-cargo services on the latter's behalf between London, Dar es Salaam, Nairobi, Entebbe and Lusaka. This was also the year the airline acquired two more 707s, another -321 and a -324C. The latter was a convertible aircraft that could either be operated in an all-passenger, all-cargo or mixed passenger/cargo configuration. It was also the company's first turbofan-powered jet. In early-1972 Lloyd International increased its Far East Britannia freight services from six to eight a month, resulting in a twice-weekly operation to Singapore and Hong Kong. The increase in flight frequencies would have boosted annual available cargo capacity to 3.25m kg. This compared with an actual freight volume of 1.5m kg the previous year, representing an average load factor of 79% eastbound and 71% westbound. There was