Eastern Airlines
According to Yahoo, Eastern Airlines got help from the government when it was starting out. The government split up mail subsidies among a number of airlines. It had been in operation from 1926 to 1991. Sadly, the airline company kicked the bucket once the federal government curtailed aviation regulations. Airline Pan Am stopped operations in the same year. The New York Times claimed that, at the time, Eastern Airlines had already been struggling for two years to make its way out of bankruptcy. Five thousand of its 18,000 employees had been expecting to be laid off until it found a buyer that came to their rescue.
Eastern Airlines
MGM Grand Air
What we have learned so far is that a company might be successful in one venture, but this does not guarantee success in the aviation business. This resort and entertainment company operated its own airline company. According to UNLV Center for Gaming Research, this remained true until it was purchased by Champion Air. Sadly, the parent company dissolved in the early 2000s as well. It was a charter air service, which probably means that MGM Resorts did not really need it to boost profits. Despite its losses with this venture, it continued to do well in the hospitality industry. It was probably a good thing that it ended up cutting its losses since MGM Grand Air had been causing it problems.
MGM Grand Air
