![]() ![]() New York Air was approved, after being listed as an extension of Texas International’s operating certificate. Meehan, once a senior manager of Continental and Texas International, assembled his own team and within a 90-day period hired, trained, and uniformed the required cockpit crew, flight attendants, ground operations personnel, and reservations staff, using an antiquated American Airlines hangar at La Guardia as his administrative and maintenance headquarters. The carrier was pieced together in record time. Taking advantage of deregulation’s newly-afforded freedoms, he sought to achieve profitability with lower fares, principally by acquiring used aircraft and employing a lower-wage, nonunion workforce.While limited takeoff and landing slots at New York’s LaGuardia Airport would have otherwise posed an obstacle, he had the political connections to circumvent the restriction. “Using Texas Air, Lorenzo took the no-frills concept to the East Coast, to New York City, and started a new subsidiary airline called New York Air to compete with the Eastern shuttle between Washington and Boston,” according to Harry Lawrence in Aviation and the Role of Government (Kendall/Hunt, 2004, p. In fact, he was hungry to take a bigger bite-in this case, of the big apple. Formation of the Big Apple AirlineĮight years later, he formed Texas Air Corporation, a holding company that owned Texas International, but he was hardly satisfied with its single concern. Although he became its president in 1972, the youngest of any US carrier to do so, the event became only the beginning of his airline establishment and hostile takeover strategies. ![]() Originally employed by TWA and Eastern in their finance departments in the early-1960s, he subsequently formed Jet Capital Corporation with a partner, issuing shares to himself for only pennies and then using it as a method of financing small, but fledgling interstate Texas International Airlines. One reflected its city in both name and logo: New York Air, brainchild of Frank D. Some airlines reflect their country, state, geographical region, and even airport of origin in their names. ![]()
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