Year2001:
Financial aid from the US Government will enable Las Vegas-based National Airlines to emerge from bankruptcy protection by year-end.
The plan calls for the introduction of smaller aircraft to National's fleet of 15 Boeing 757-200s. The smaller aircraft will operate on shorter routes in the hope of improving yields. The firm will continue with its plan to add five to seven aircraft per year for five years, bringing the fleet to 50 by mid-2007.
Financial aid from the US Government will enable Las Vegas-based National Airlines to emerge from bankruptcy protection by year-end.
The plan calls for the introduction of smaller aircraft to National's fleet of 15 Boeing 757-200s. The smaller aircraft will operate on shorter routes in the hope of improving yields. The firm will continue with its plan to add five to seven aircraft per year for five years, bringing the fleet to 50 by mid-2007.
Year2002:
National Airlines has ceased operations on November 6, after failing to finalise a refinancing package, less than three months after its application for a US government loan guarantee was rejected.
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