New York Air [SEP] airline hub
New York Air
New York Air was a 1980s startup airline owned by Texas Air Corporation and based at Hangar 5 at LaGuardia Airport in Flushing, Queens, New York City. It ceased operations on February 1, 1987, in a merger with Continental Airlines.
History.
In 1980, airline industry entrepreneur Frank Lorenzo created a holding company for his Texas International Airlines called Texas Air Corporation. In the autumn of 1980, Texas Air created a new airline called New York Air (NYA), the second of America
filed for bankruptcy and ceased operations. With People Express hemorrhaging cash, Texas Air acquired People Express on September 15, 1986, at the same time gaining Frontier, whose strong network in the Great Plains and intermountain West reinforced Continental's already formidable Denver hub. Because it had been the largest airline operating in the New York market, the People Express hub at Newark would permit Continental to expand its East Coast services dramatically. Continental soon became the third-largest airline in the U.S. and the predominant force in the New York,