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- Texas_Air_Corporation abstract "Texas Air was an airline holding company incorporated in 1980 in the United States created to hold and invest in airlines, starting with Texas International Airlines as its core.[citation needed] The company had its headquarters in the America Tower in the American General Center in Neartown Houston, Texas.After passage of the Airline Deregulation Act in 1978, Texas International Airlines expanded significantly, reduced its costs by discontinuing unprofitable routes and replaced its outdated Convair turboprops with newer DC-9 aircraft. In 1982 Texas Air took over then debt-laden Continental Airlines, retaining Continental's better-known and less regional name. Continental Airlines, in moribund financial condition, succeeded in negotiating concession packages with all of its unions except for the International Association of Machinists (IAM). Because of the refusal of the IAM to renegotiate its contract, the company ultimately filed for Chapter 11 bankruptcy, which allowed Frank Lorenzo (President and chief executive officer), to reject the collective bargaining agreements with its various unions. Many believe that Lorenzo wanted the strike to justify the bankruptcy filing, so that he could get rid of the unions.{Hard Landing. Thomas Petzinger, Jr. p 234} Continental Airlines would again file bankruptcy in 1991, one month after Lorenzo left his position as CEO.In 1985, the company lost a bid to take over Trans World Airlines to corporate raider Carl Icahn. In 1986 the company acquired Eastern Air Lines and People Express, with its Frontier Airlines included. By 1987 Texas Air Corporation had control of 20 percent of the U.S. airline market, even though the holding company only had 20 official employees.[citation needed]By the early 1990s the company had been split up, with parts sold to Scandinavian Airlines System, Ross Perot's EDS (Electronic Data Systems), and an Air Canada-led investment group. Most of the former Texas Air became known as Continental Airlines, and eventually merged into United Continental Holdings.".
- Texas_Air_Corporation thumbnail AmericaTowerHoustonTX.JPG?width=300.
- Texas_Air_Corporation wikiPageID "554855".
- Texas_Air_Corporation wikiPageRevisionID "571415200".
- Texas_Air_Corporation hasPhotoCollection Texas_Air_Corporation.
- Texas_Air_Corporation id "ept01".
- Texas_Air_Corporation name "Texas Air".
- Texas_Air_Corporation subject Category:1980_establishments_in_the_United_States.
- Texas_Air_Corporation subject Category:Airline_holding_companies_of_the_United_States.
- Texas_Air_Corporation subject Category:Companies_established_in_1980.
- Texas_Air_Corporation subject Category:Eastern_Air_Lines.
- Texas_Air_Corporation type Abstraction100002137.
- Texas_Air_Corporation type CompaniesEstablishedIn1980.
- Texas_Air_Corporation type Company108058098.
- Texas_Air_Corporation type Group100031264.
- Texas_Air_Corporation type Institution108053576.
- Texas_Air_Corporation type Organization108008335.
- Texas_Air_Corporation type SocialGroup107950920.
- Texas_Air_Corporation type YagoLegalActor.
- Texas_Air_Corporation type YagoLegalActorGeo.
- Texas_Air_Corporation type YagoPermanentlyLocatedEntity.
- Texas_Air_Corporation type Agent.
- Texas_Air_Corporation type Company.
- Texas_Air_Corporation type Organisation.
- Texas_Air_Corporation type Organization.
- Texas_Air_Corporation type Agent.
- Texas_Air_Corporation type SocialPerson.
- Texas_Air_Corporation type Thing.
- Texas_Air_Corporation comment "Texas Air was an airline holding company incorporated in 1980 in the United States created to hold and invest in airlines, starting with Texas International Airlines as its core.[citation needed] The company had its headquarters in the America Tower in the American General Center in Neartown Houston, Texas.After passage of the Airline Deregulation Act in 1978, Texas International Airlines expanded significantly, reduced its costs by discontinuing unprofitable routes and replaced its outdated Convair turboprops with newer DC-9 aircraft. ".
- Texas_Air_Corporation label "Texas Air Corporation".
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- Texas_Air_Corporation sameAs Q7707497.
- Texas_Air_Corporation sameAs Q7707497.
- Texas_Air_Corporation sameAs Texas_Air_Corporation.
- Texas_Air_Corporation wasDerivedFrom Texas_Air_Corporation?oldid=571415200.
- Texas_Air_Corporation depiction AmericaTowerHoustonTX.JPG.
- Texas_Air_Corporation isPrimaryTopicOf Texas_Air_Corporation.