Published at Friday, April 05th, 2019 - 02:00:08 AM. Type of airline. By Albertyne Peters.
Toward the end of the century a new style of low cost airline emerged offering a no-frills product at a lower price. Southwest Airlines JetBlue AirTran Airways Skybus Airlines and other low-cost carriers began to represent a serious challenge to the so-called legacy airlines as did their low-cost counterparts in many other countries. 41 Their commercial viability represented a serious competitive threat to the legacy carriers. However of these ATA and Skybus have since ceased operations.
Increasingly since 1978 US airlines have been reincorporated and spun off by newly created and internally led management companies and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known are the UAL Corporation along with the AMR Corporation among a long list of airline holding companies sometime recognized worldwide. Less recognized are the private equity firms which often seize managerial financial and board of directors control of distressed airline companies by temporarily investing large sums of capital in air carriers to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations.
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