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People Express Airlines, stylized as PEOPLExpress, was a low-cost airline in the United States that operated from 1981 until it merged with Continental Airlines in 1987. Its headquarters was in the North Terminal (later Terminal C) of Newark Liberty International Airport (EWR) in Newark, New Jersey .
1982 - Acquired Texas International Airlines; 1987 - Acquired People Express, Frontier, and New York Air; 1987 - Acquired PBA and Britt Airways from People Express merger / created Continental Express; 2010 - Merged into United Airlines, under the United name and the Continental brand; Delta Air Lines. 1924 - Started as Huff Daland Dusters
In December 1986, Texas Air also finalized a deal to acquire People Express Airlines, a low-cost airline that had been formed by eight executives who had left Texas Air in 1980. [ 96 ] [ 97 ] The deal included the assets of the bankrupt Frontier Airlines , which People Express had purchased in 1985.
The new American Airlines rose nearly 3 percent in its debut on the Nasdaq. United Continental ( UAL ) and Delta ( DAL ) both gained 2 percent, despite the weather-related flight delays and ...
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It was the first airline to form a holding company; almost all airlines followed. Shortly after its formation, Texas Air founded New York Air , a low-cost carrier in the US Northeast . [ 2 ] In 1981, Texas Air acquired Continental Airlines through a hostile takeover bid, [ 3 ] the first time an airline sought to acquire another through a stock ...
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