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Appendix Table 1: Mergers/Acquisitions in Air Transportation (1985-2001)

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Year Air Carrier
1985 Southwest acquired Muse
1985 Piedmont acquired Empire
1985 People acquired Frontier
1986 Northwest acquired Republic
1986 Texas acquired Eastern
1986 TWA acquired Ozark
1986 Alaska acquired JetAmerica
1986 Delta acquired Western
1986 American acquired Air Cal
1986 Alaska acquired Horizon
1986 USAir acquired Pacific Southwest
1987 USAir acquired Piedmont
1987 Braniff acquired Florida Express
1987 Continental acquired People Express
1994 Southwest acquired Morris Air
1997 AirTran merged with ValueJet
1998 American acquired Reno Air
2001 American acquired TWA

Bankruptcies in Air Transportation (1985-2001)

Year Air Carrier
1991 Eastern Airlines
1994 Braniff
1997 Carnival
1997 Western Pacific
1998 Kiwi

Note: "Bankruptcies" refer to Chapter 7 liquidation rather than Chapter 11 restructuring.

Sources: Lee, D., 2002. Oster, C.V., Jr., and Strong, J.S., 2001. U.S. Centennial of Flight Commission (www.centennialofflight.gov). U.S. Department of Transportation, Air Carrier Traffic Statistics.
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