The Air Transportation Stabilization Board (ATSB) is an office of United States Department of the Treasury created to assist US airlines in the wake of the September 11, 2001 attacks.
The Air Transportation Safety and System Stabilization Act, signed into law September 22, 2001, authorizes the board to issue up to $10 billion in federal loan guarantees to air carriers for which credit is not otherwise available and where "such agreement is a necessary part of maintaining a safe, efficient and viable commercial aviation system in the United States." [1]
Between 2001 and 2003, the ATSB approved applications for loan guarantees from seven carriers: America West Airlines, US Airways, American Trans Air, Aloha Airlines, Frontier Airlines, Evergreen International Airlines, and World Airways. These carriers accepted loan guarantees worth $1.179 billion. Ultimately, the government benefited from the program, drawing $300 million in profit. [2]
The ATSB denied applications from nine carriers: Ozark Airlines dba Great Plains Airlines, MEDjet International, Corporate Airlines, Gemini Air Cargo, Frontier Flying Service, Spirit Airlines, National Airlines, and both initial and revised applications from United Airlines and Vanguard Airlines.
An airline is a company that provides air transport services for traveling passengers and/or freight. Airlines use aircraft to supply these services and may form partnerships or alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight. Generally, airline companies are recognized with an air operating certificate or license issued by a governmental aviation body. Airlines may be scheduled or charter operators.
America West Airlines was a American airline, founded in 1981, headquartered in Tempe, Arizona. Their main hub was at Phoenix Sky Harbor International Airport, with a secondary hub at Harry Reid International Airport in Las Vegas. The airline acquired US Airways in 2005 and adopted US Airways as their brand name. America West served about 100 cities in the US, Canada, and Mexico; flights to Europe were on codeshare partners. In September 2005, the airline had 140 aircraft, with a single maintenance base at Phoenix Sky Harbor Airport. Regional jet and turboprop flights were operated on a code sharing basis by Mesa Airlines and Chautauqua Airlines as America West Express.
Frontier Airlines is a major ultra-low-cost U.S. airline headquartered in Denver, Colorado. It operates flights to over 100 destinations throughout the United States and 31 international destinations, and employs more than 3,000 staff. The carrier is a subsidiary and operating brand of Indigo Partners, LLC, and maintains a hub at Denver International Airport with numerous focus cities across the US.
Envoy Air is an American regional airline headquartered in Irving, Texas, in the Dallas–Fort Worth metroplex. The airline is a wholly owned subsidiary of the American Airlines Group and it is paid by fellow group member American Airlines to staff, operate and maintain aircraft used on American Eagle flights that are scheduled, marketed and sold by American Airlines.
Aloha Airlines was an American airline headquartered in Honolulu, Hawaii, operating from a hub at Honolulu International Airport. Operations began on July 26, 1946, and ceased operations on March 31, 2008.
US Airways was a major United States airline that operated from 1937 until its merger with American Airlines in 2015. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. In 1997, it rebranded as US Airways.
Mesa Airlines, Inc., is an American regional airline based in Phoenix, Arizona. It is an FAA Part 121–certificated air carrier operating under air carrier certificate number MASA036A issued on June 29, 1979. It is a subsidiary of Mesa Air Group and operates flights as United Express via respective code sharing agreements with United Airlines. It serves more than 180 markets in the Western Hemisphere. In a 1997 article from the Journal of Air Transportation, Mesa's safety record was noted as having the fewest incidents among domestic regional airlines at that time. Mesa filed for Chapter 11 bankruptcy in January 2010, hoping to shed financial obligations for leases on airplanes it no longer needed and emerged from bankruptcy in March 2011. In November 2017, Mesa opened a new training center in Phoenix. The 23,000-square-foot facility features a full-size CRJ-200 cabin trainer aircraft, 14 classrooms, and has the capacity to train 300 crew members at one time.
AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. AMR filed for Chapter 11 bankruptcy protection in November 2011. The company emerged from bankruptcy on December 9, 2013, and at the same time announced that it would merge with US Airways Group to form a new company, American Airlines Group.
Mesa Air Group, Inc. is a Nevada Corporation commercial aviation holding company with headquarters in Suite 700 at 410 North 44th Street in the Camelback East area of Phoenix, Arizona, United States. The company operates one regional airline subsidiary: Mesa Airlines which operates as American Eagle and United Express under contractual agreements with American Airlines and United Airlines respectively.
US Airways Group Inc. was an airline holding company based in Tempe, Arizona. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. It also operates additional companies that provide associated services. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. The route network covered destinations in 47 states, as well as international destinations.
MarkAir was a regional airline based in Anchorage, Alaska, that became a national air carrier operating passenger jet service in the United States with a hub and corporate headquarters located in Denver, Colorado. After a second bankruptcy in 1995, it ceased operations in October and was later liquidated.
Northern Pacific Airways, Inc., d.b.a. Ravn Alaska, is an Alaskan airline that specializes in serving the small communities in the US state of Alaska. The airline is headquartered in Anchorage, which is also home to its primary hub, Ted Stevens Anchorage International Airport.
Evergreen International Airlines was a charter and cargo airline based in McMinnville, Oregon, United States. Wholly owned by Evergreen International Aviation, it had longstanding ties to the Central Intelligence Agency (CIA). It operated contract freight services, offering charters and scheduled flights, as well as wet lease services. It operated services for the U.S. military and the United States Postal Service, as well as ad hoc charter flights. Its crew base was at John F. Kennedy International Airport, New York.
UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings.
Evergreen International Aviation, Inc. was a global aviation services company based in McMinnville, Oregon, United States. Founded in 1960, Evergreen was primarily known publicly for commercial helicopter operations in agricultural and forestry applications.
Global Aviation Holdings Inc. (Global) was the parent company of World Airways, Inc. (World), and North American Airlines, Inc., headquartered in Peachtree City, Georgia, US. Its airline holdings included World and North American along with ATA Airlines until the parent company renamed from Global Aero Logistics to Global Aviation Holdings. ATA, World, and North American all were Part 121 U.S.-certified air carriers providing customized air transportation services for major international passenger and cargo carriers, international freight forwarders, the U.S. military, international leisure tour operators, and international corporations.
A legacy carrier, in the United States, is an airline that had established interstate routes before the beginning of the route liberalization permitted by the Airline Deregulation Act of 1978 and so was directly affected by that Act. Legacy carriers are distinct from low-cost carriers, which, in the United States, are generally new airlines and were started to compete in the newly deregulated industry.
Discovery Airways was an airline that provided inter-island service within the state of Hawaii in March 1990. It closed three months later in July 1990 after it was accused of violating a law that states that airlines in the United States must be controlled by American citizens.
United Airlines is the third largest airline in the world, with 86,852 employees and 721 aircraft. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930.
Delta Air Lines is a major American airline. The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia to combat the boll weevil infestation of cotton crops. C.E. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region.