I think Cedarjet said it perfectly, only he specifically pointed at two airlines: Frontier and National. He said that those are airlines that bear no relation to the original. Well infact 9 out of 10 don't have any relation with the original. Does anyone think PanAm has anything to do with the Juan Trippe PanAm. No! The new PanAm is owned by Guilford Transportation, a railway contractor from Billrica, MA. The older PanAm was started by a man whose name I forget at the moment, Martin Shrugg (I think). Oh well. He passed on less than a year after his PanAm collapsed of a brain haemorrhage.
Anyways, someone mentioned Midway. The original Midway was based in Chicago and flew a decrepit fleet of 737s, DC-9s, and MD-80's. The new Midway is based in Raleigh, NC, and has a modern fleet of CRJ's, F100's and. 737-700's.
So my point is, most of these "reincarnations" have no direct links with the original airlines. Most of the time the name is owned by the dead airlines creditors, and in the case of National, the sum went into the PanAm retirees fund.
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