tcook052
Jul 31, 03, 6:37 pm
August 1st is HP's 20th birthday.
http://wichita.bizjournals.com/wichita/stories/2003/07/28/daily39.html
http://wichita.bizjournals.com/wichita/stories/2003/07/28/daily39.html
America West FlightFund (Discontinued Program) - Happy 20th to HP!
View Full Version : Happy 20th to HP!
smantl01
Aug 3, 03, 1:57 am
Very interesting/detailed article at http://www.azcentral.com/arizonarepublic/news/articles/0727amwest27.html
Some intriguing historical highlights:
The founders eventually raised enough money to launch the airline with a simple business plan. The new airline would fly only one kind of plane, the Boeing 737, and never stray east of the Mississippi River.
But the growth also contributed to the airline's first major brush with financial disaster. During the late 1980s, America West officials decided to apply for federal permission to fly to Australia and set out to acquire two 747 jumbo jets.
When it failed to land the Australian route, the airline decided in 1989 to instead fly the big jets to Honolulu. A year later it began flying from Hawaii to Nagoya, Japan.
-
And more recently....
It was granted a federal loan guarantee at the end of 2001, allowing it to secure $429 million in private financing. America West has been successfully meeting the conditions of the loan guarantee and is scheduled to begin repaying the loan on March 31 in 10 installments of $42.9 million each.
Bad feelings remain among some employees, and they were aggravated last week when the airline announced a new bonus program for top executives.
On Tuesday, America West surprised analysts by reporting its first quarterly profit in more than two years, a fitting way to celebrate its 20th anniversary.
[This message has been edited by smantl01 (edited 08-03-2003).]
Some intriguing historical highlights:
The founders eventually raised enough money to launch the airline with a simple business plan. The new airline would fly only one kind of plane, the Boeing 737, and never stray east of the Mississippi River.
But the growth also contributed to the airline's first major brush with financial disaster. During the late 1980s, America West officials decided to apply for federal permission to fly to Australia and set out to acquire two 747 jumbo jets.
When it failed to land the Australian route, the airline decided in 1989 to instead fly the big jets to Honolulu. A year later it began flying from Hawaii to Nagoya, Japan.
-
And more recently....
It was granted a federal loan guarantee at the end of 2001, allowing it to secure $429 million in private financing. America West has been successfully meeting the conditions of the loan guarantee and is scheduled to begin repaying the loan on March 31 in 10 installments of $42.9 million each.
Bad feelings remain among some employees, and they were aggravated last week when the airline announced a new bonus program for top executives.
On Tuesday, America West surprised analysts by reporting its first quarterly profit in more than two years, a fitting way to celebrate its 20th anniversary.
[This message has been edited by smantl01 (edited 08-03-2003).]