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Braniff (1991–1992)
Braniff International Airlines, Inc. was a low-fare airline formed in 1991 from the assets of two earlier airlines that used the Braniff name. It was headquartered in the Dallas, Texas, area and owned by BNAir, Inc., a subsidiary of BIA-COR Holdings Inc., a Philadelphia investment group, formed by Paine Weber Group, and subsequent airline holding company. The airline is popularly identified as Braniff III to differentiate it from its predecessors. The airline started flights on 1 July 1991 and filed for bankruptcy less than two months later, but was able to secure sufficient funding to continue operating until 2 July 1992, when it shut down permanently amidst an investigation into misconduct by its corporate officers. History Formation from Braniff Inc. assets In 1990, Jeffrey Chodorow, Arthur Cohen, and Scot Spencer formed BNAir Inc., a vehicle specifically used to purchase the assets of Braniff Inc. from three bankruptcy auctions. With these assets, the group formed Branif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dallas, Texas
Dallas () is the third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County with portions extending into Collin, Denton, Kaufman and Rockwall counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the U.S. and the third-largest in Texas after Houston and San Antonio. Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the Southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. The cities of Dallas and nearby Fort Worth were initially developed due to the construction of major railroad lines through the area allowing access to cotton, cattle and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas's prominen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Charter
Air charter is the business of renting an entire aircraft (i.e., chartering) as opposed to individual aircraft seats (i.e., purchasing a airline ticket, ticket through a traditional airline). Regulation Charter – also called air taxi or ad hoc – flights require certification from the associated country's civil aviation authority. The regulations are differentiated from typical commercial/passenger service by offering a non-scheduled service. Analogous regulations generally also apply to Air medical services, air ambulance and cargo operators, which are often also ad hoc for-hire services. United States In the U.S. these flights are regulated under FAA Part 135. There are some cases where a charter operator can sell scheduled flights, but only in limited quantities. As of 2021, the FAA had made it a priority to crack down on unauthorised charter flights, according to industry experts. Types of service There are several business models which offer air charter services from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Airlines
Eastern Air Lines, also colloquially known as Eastern, was a major United States airline from 1926 to 1991. Before its dissolution, it was headquartered at Miami International Airport in an unincorporated area of Miami-Dade County, Florida. Eastern was one of the " Big Four" domestic airlines created by the Spoils Conferences of 1930, and was headed by World War I flying ace Eddie Rickenbacker in its early years. It had a near monopoly in air travel between New York and Florida from the 1930s until the 1950s and dominated this market for decades afterward. During airline deregulation in the late 1970s and early 1980s, labor disputes and high debt loads strained the company under the leadership of former astronaut Frank Borman. Frank Lorenzo acquired Eastern in 1985 and moved many of its assets to his other airlines, including Continental Airlines and Texas Air. After continued labor disputes and a crippling strike in 1989, Eastern ran out of money and was liquidated in 1991. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 7 Liquidation
Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 is the most common form of bankruptcy in the United States. For businesses When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. A Chapter 7 trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The trustee generally liquidates the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fare War
A fare is the fee paid by a passenger for use of a public transport system: rail, bus, taxi, etc. In the case of air transport, the term airfare is often used. Fare structure is the system set up to determine how much is to be paid by various passengers using a transit vehicle at any given time. A linked trip is a trip from the origin to the destination on the transit system. Even if a passenger must make several transfers during a journey, the trip is counted as one linked trip on the system. Uses The fare paid is a contribution to the operational costs of the transport system involved, either partial (as is frequently the case with publicly supported systems) or total. The portion of operating costs covered by fares - the farebox recovery ratio - typically varies from 30%-60% in North America and Europe, with some rail systems in Asia over 100%. The rules regarding how and when fares are to be paid and for how long they remain valid are many and varied. Where the fare can ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independence Day (United States)
Independence Day (colloquially the Fourth of July) is a federal holiday in the United States commemorating the Declaration of Independence, which was ratified by the Second Continental Congress on July 4, 1776, establishing the United States of America. The Founding Father delegates of the Second Continental Congress declared that the Thirteen Colonies were no longer subject (and subordinate) to the monarch of Britain, King George III, and were now united, free, and independent states. The Congress voted to approve independence by passing the Lee Resolution on July 2 and adopted the Declaration of Independence two days later, on July 4. Independence Day is commonly associated with fireworks, parades, barbecues, carnivals, fairs, picnics, concerts, baseball games, family reunions, political speeches, and ceremonies, in addition to various other public and private events celebrating the history, government, and traditions of the United States. Independence Day is the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gate (airport)
A gate is an area in an airport terminal that controls access to a passenger aircraft. While the exact specifications vary from airport to airport and country to country, most gates consist of a seated waiting area, a counter and a doorway leading to the aircraft. A gate adjacent to the stand where the aircraft is parked may be a ''contact gate'', providing access by way of a jet bridge, or a ''ground-loaded gate'', providing a path for passengers to leave the building to board via mobile stairs or airstairs built into the aircraft itself. A ''remote gate'' serves an aircraft stand further away, providing access to ground transportation to move passengers between the gate and the stand, where they board via stairs. Each gate typically corresponds to one parking stand on the airport's apron. A gate that provides access to multiple stands may have separate, designated doorways – sometimes termed ''sub-gates'' – for each stand. Commercial airport stands have airside components t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles International Airport
Los Angeles International Airport , commonly referred to as LAX (with each letter pronounced individually), is the primary international airport serving Los Angeles, California and its surrounding metropolitan area. LAX is located in the Westchester neighborhood of Los Angeles, southwest of Downtown Los Angeles, with the commercial and residential areas of Westchester to the north, the city of El Segundo to the south and the city of Inglewood to the east. LAX is the closest airport to the Westside and the South Bay (Los Angeles County), South Bay. The airport is operated by Los Angeles World Airports (LAWA), a branch of the Government of Los Angeles, Los Angeles city government, that also operates Van Nuys Airport for general aviation. The airport covers of land and has four parallel runways. In 2019, LAX handled 88,068,013 passengers, making it the List of busiest airports by passenger traffic, world's third-busiest and the United States' List of the busiest airports ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DC-9
The McDonnell Douglas DC-9 is an American five-abreast single-aisle aircraft designed by the Douglas Aircraft Company. It was initially produced by the developer company as the Douglas DC-9 until August 1967 and then by McDonnell Douglas. After introducing its heavy DC-8 in 1959, Douglas approved the smaller, all-new DC-9 for shorter flights on April 8, 1963. The DC-9-10 first flew on February 25, 1965, and gained its type certificate on November 23, to enter service with Delta Air Lines on December 8. The aircraft has two rear-mounted Pratt & Whitney JT8D low-bypass turbofans under a T-tail for a cleaner wing aerodynamic, a two-person flight deck and built-in airstairs. The Series 10 are 104 ft (32 m) long for typically 90 coach seats. The Series 30, stretched by 15 ft (4.5 m) to seat 115 in economy, has a larger wing and more powerful engines for a higher maximum takeoff weight (MTOW); it first flew in August 1966 and entered service in February 1967. The Series 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 727
The Boeing 727 is an American narrow-body airliner that was developed and produced by Boeing Commercial Airplanes. After the heavy 707 quad-jet was introduced in 1958, Boeing addressed the demand for shorter flight lengths from smaller airports. On December 5, 1960, the 727 was launched with 40 orders each from United Airlines and Eastern Air Lines. The first 727-100 rolled out November 27, 1962, first flew on February 9, 1963, and entered service with Eastern on February 1, 1964. The only trijet aircraft to be produced by Boeing, the 727 is powered by Pratt & Whitney JT8D low-bypass turbofans below a T-tail, one on each side of the rear fuselage and a center one fed through an S-duct. It shares its six-abreast upper fuselage cross-section and cockpit with the 707. The long 727-100 typically carries 106 passengers in two classes over , or 129 in a single class. Launched in 1965, the stretched 727-200 flew in July 1967 and entered service with Northeast Airlines that Decem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fort Worth Star-Telegram
The ''Fort Worth Star-Telegram'' is an American daily newspaper serving Fort Worth and Tarrant County, the western half of the North Texas area known as the Metroplex. It is owned by The McClatchy Company. History In May 1905, Amon G. Carter accepted a job as an advertising space salesman in Fort Worth. A few months later, he agreed to help finance and run a new newspaper in town. The ''Fort Worth Star'' printed its first newspaper on February 1, 1906, with Carter as the advertising manager. The ''Star'' lost money, and was in danger of going bankrupt when Carter had an audacious idea: raise additional money and purchase his newspaper's main competition, the ''Fort Worth Telegram''. In November 1908, the ''Star'' purchased the ''Telegram'' for $100,000, and the two newspapers combined on January 1, 1909, into the ''Fort Worth Star-Telegram''. From 1923 until after World War II, the ''Star-Telegram'' was distributed over one of the largest circulation areas of any newspaper in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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