Published at Tuesday, April 09th, 2019 - 12:17:36 PM. Type of airline. By Adelle Jäger.
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.
So regulated had the environment been in fact that an airline often had to resort to the purchase of another carrier just to obtain its route authority. Delta Air Lines for example long interested in providing nonstop service between New York and Florida continually petitioned the CAB for the rights. But the regulatory agency felt that Northeast a small local service carrier often plagued by low traffic financial loss and bad weather because of its route system needed the lucrative Florida route s revenue potential to boost it back to health and granted it the authority instead.
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