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This is a list of airlines that have filed for bankruptcy protection via Chapter 7 in the United States. [1][2] Airline. Date Bankruptcy filed. National Florida Airlines [3] December 1, 1983. Excellair. July 7, 1984. Oceanaire Lines. February 10, 1984.
www.nwa.com. Northwest Airlines (often abbreviated as NWA) was a major airline in the United States that operated from 1926 until it merged with Delta Air Lines in 2010. [ 1 ] The merger made Delta the largest airline in the world until the American Airlines–US Airways merger in 2013. [ 2 ][ 3 ] Northwest was headquartered in Eagan, Minnesota ...
Pinnacle Airlines Corp. (2010–2012) Headquarters. Eagan, Minnesota, U.S. [2] Key people. John Spanjers (President) Mesaba Aviation, Inc. (operating as Mesaba Airlines) was a regional airline in the United States that operated from 1944 until it merged with Pinnacle Airlines in 2012 to form Endeavor Air.
Delta Air Lines–Northwest Airlines merger. On April 15, 2008, Delta Air Lines and Northwest Airlines announced a merger agreement. [1] The merger of the two carriers formed what was then the largest commercial airline in the world, with 786 aircraft. The Delta Air Lines brand was retained, while Northwest's brand officially ended in 2010.
Douglas M. Steenland (born September 17, 1951) [1] is an American former corporate attorney and former airline executive. He had a 17-year career at Northwest Airlines, where he held numerous executive roles, including as president from 2001 through 2008, [2] and president and CEO of Northwest from October 2004 until its merger with Delta Air Lines in October 2008. [3]
From 1989 to 1993, he served as co-chairman of Northwest Airlines. [2] Checchi's critics claim he moved the company near bankruptcy, forced $800 million in union concessions, and worked to gain $837 million in state and local bonds, subsidies and tax credits, while earning $32 million for his outside firm. [2]
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
He began his work for Northwest Airlines in 1993. During Daniel's time at Northwest Airlines, the company was able to avoid liquidation via Chapter 7 bankruptcy, as well navigate Chapter 11 bankruptcy on multiple occasions via tactical restructuring programs that propelled the airline to global status. From 1998 to 2005, Dan and his team put ...