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Article: Delta's big buy-out: the carrier's acquisition mean new connections for Utah. (Delta Air Lines Inc.'s acquisition of Pan American World Airways Inc.)
- Article from:
- Utah Business
- Article date:
- November 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Olympus Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Delta's Big Buy-Out
Recently, Delta Air Lines made a big splash in the travel industry with its offer, and subsequent approval by the bankruptcy court, to acquire a huge portion of Pan American World Airways.
One carrier's acquisition of another is not surprising these days. Since deregulation occurred in the early '80s, dozens of airlines have come and gone and several others have merged. Some, like Eastern, have folded.
Over the past 10 years, carriers have entrenched themselves into a domestic route system which forced some out of business and others to join forces for survival. American acquired Air Cal for strength in the California ...