An example of a hidden asset is a frequent flier program that was chosen for a combined airline in what year?
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Hidden asset In finance, a hidden asset is an asset that is not shown on a balance sheet. An example of such an asset is the US $15 billion that United Airlines' frequent flyer program, MileagePlus, was estimated to be worth when it filed for Chapter 11 bankruptcy.
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MileagePlus MileagePlus is the loyalty program of United Airlines and Aeromar that offers rewards to passengers traveling on certain types of tickets. Following the 2011 merger agreement between United Airlines and Continental Airlines, United Mileage Plus was chosen to be the frequent flyer program for the combined airline. The program was subsequently renamed to MileagePlus, and maintains its relationship with its Star Alliance partners, as well as other airline and travel enterprise agreements.
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Pan American World Airways Pan American World Airways, known from its founding until 1950 as Pan American Airways and commonly known as Pan Am, was the principal and largest international air carrier in the United States from 1927 until its collapse on December 4, 1991. Founded in 1927 as a scheduled air mail and passenger service operating between Key West, Florida, and Havana, Cuba, the airline became a major company credited with many innovations that shaped the international airline industry, including the widespread use of jet aircraft, jumbo jets, and computerized reservation systems. It was also a founding member of the International Air Transport Association (IATA), the global airline industry association. Identified by its blue globe logo ("The Blue Meatball"), the use of the word "Clipper" in aircraft names and call signs, and the white pilot uniform caps, the airline was a cultural icon of the 20th century. In an era dominated by flag carriers that were wholly or majority government-owned, it was also the unofficial overseas flag carrier of the United States. During most of the jet era, Pan Am's flagship terminal was the Worldport located at John F. Kennedy International Airport in New York City.
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AirTran Airways AirTran Airways was an American low-cost airline headquartered originally in Orlando, Florida, then in Dallas, Texas, after its acquisition by Southwest Airlines, into which it was integrated. AirTran operated nearly 700 daily flights, primarily in the eastern and midwestern United States, with its principal hub at Hartsfield-Jackson Atlanta International Airport where it operated nearly 200 daily departures. AirTran's fleet consisted of Boeing 717-200 aircraft, of which it was the world's largest operator, and Boeing 737-700 aircraft. It was fully integrated into Southwest Airlines on December 28, 2014.
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Qualiflyer Qualiflyer was a frequent flyer program, created in April 1992 by Austrian Airlines, Crossair and Swissair. When Swissair began acquiring stakes in other European airlines in 1998, Qualiflyer was extended to become their frequent flyer programs as well. This spawned the alliance known as The Qualiflyer Group. With the failure of Swissair in 2002, the group dissolved along with the program and a company was formed to give each former member airline an individual frequent-flyer program.
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Ch-aviation ch-aviation is an airline intelligence provider based in Chur, Switzerland. It was founded in 1998 by Thomas Jaeger, former Head of Product Management of Mercator Asia. In 2012, Swiss entrepreneur Martial Saugy and Max Oldorf (former Head of Finance at InterSky Airlines) acquired shares in the company. Today the enterprise offers an aircraft, airline and airport database as well as consulting services.
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Freedom Flights Freedom Flights (known in Spanish as "Los vuelos de la libertad") transported Cubans to Miami twice daily, five times per week from 1965 to 1973. Its budget was about $12 million and it brought an estimated 300,000 refugees, making it the "largest airborne refugee operation in American history." The Freedom Flights were an important and unusual chapter of cooperation in the history of Cuban-American foreign relations, which is otherwise characterized by mutual distrust. The program changed the racial makeup of Miami and fueled the growth of the Cuban-American enclave there.
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Boeing Business Jet The Boeing Business Jet series are variants of Boeing jet airliners for the corporate jet market. The Boeing Business Jet is a 50/50 partnership between Boeing Commercial Airplanes and GE Aviation.
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Trans Australia Airlines Trans Australia Airlines or TAA (renamed Australian Airlines in 1986) was one of the two major Australian domestic airlines between its inception in 1946 and its merger with Qantas in September 1992. As a result of the "COBRA" (or Common Branding) project, the entire airline was rebranded Qantas about a year later with tickets stating in small print "Australian Airlines Limited trading as Qantas Airways Limited" until the adoption of a single Air Operator Certificate a few years later. At that point, the entire airline was officially renamed "Qantas Airways Limited" continuing the name and livery of the parent company with the only change being the change of by-line from "The Spirit of Australia" to "The Australian Airline" under the window line with the existing "Qantas" title appearing above.
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Advocis Advocis, The Financial Advisors Association of Canada, is a non-profit association of about 12,000 investment advisors, certified financial planners and other members of the financial services industry in Canada. Its responsibilities include setting standards for ethics and conduct by insurance agents. It was formed when the Canadian Association of Insurance and Financial Advisors and the Canadian Association of Financial Planners organizations merged in January 2003, after the merge was approved by the federal government and received Royal Assent in December 2003.
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Texas International Airlines Texas International Airlines Inc. was a United States airline, known from 1944 until 1947 as Aviation Enterprises, until 1969 as Trans-Texas Airways (TTa), and as Texas International Airlines until 1982 when it merged with Continental Airlines. It was headquartered near William P. Hobby Airport (HOU) in Houston, Texas.
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Trump Shuttle Trump Shuttle, Inc. was an airline owned by Donald Trump from 1989 to 1992. The landing rights and some of the physical assets necessary to operate the shuttle flights were originally part of Eastern Air Lines and known as the Eastern Air Lines Shuttle. It operated hourly flights on Boeing 727 aircraft from LaGuardia Airport in New York City to Logan International Airport in Boston, Massachusetts and Ronald Reagan Washington National Airport in Washington, D.C., then known as Washington National Airport, as well as charter service to other destinations. Its IATA designator code was TB (later reassigned to Jetairfly).
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Air America (airline) Air America was an American passenger and cargo airline covertly owned and operated by the US government between 1950 and 1976. It was used as a dummy corporation for Central Intelligence Agency (CIA) operations in China. The CIA did not have enough work to keep the asset afloat and the National Security Council farmed the airline out to various government entities that included the USAF, US Army, USAID and for a brief time France. Essentially, Air America was used by the US government covertly to conduct military operations, posing as a civilian air carrier, in areas the US armed forces could not go due to treaty restraints contained in the 1954 and 1962 Geneva Accords.
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Allegheny Airlines Allegheny Airlines (IATA: AL, ICAO: ALO, Call sign: ALLEGHENY) was a U.S. airline that operated out of Pittsburgh, Pennsylvania, United States, from 1952 to 1979. It was a forerunner of US Airways, now merged into American Airlines. Its headquarters were at Washington National Airport in Arlington County, Virginia.
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Airline chicken Airline chicken is a food dish comprising a boneless chicken breast with the drumette attached. Skin on breast with 1st wing joint and tenderloin attached, otherwise boneless. The cut is also known as a "frenched breast". It is also known as "statler chicken," a name which originated from the Boston Hotel Statler, built in 1927 by E.M. Statler. A chicken dish stating it is "Statler" means it is a breast of chicken with the drumette still attached. It can be accompanied by any type of sauces or side dishes.
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Airbus Corporate Jets Airbus Corporate Jets, a business unit of Airbus SAS and part of Airbus, markets and completes corporate jet variants from the parent's airliner range. Types include the A318 Elite to the double/triple-decked Airbus A380 Prestige. Following the entry of the 737 based Boeing Business Jet, Airbus joined the business jet market with the A319 Corporate Jet in 1997. Although the term Airbus Corporate jet was initially used only for the A319CJ, it is now often used for all models, including the VIP widebodies. As of December 2008, 121 corporate and private jets are operating, 164 aircraft have been ordered, including an A380 Prestige and 107 A320 family Corporate Jet.
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Mileage Plan Mileage Plan is a loyalty program, and the frequent-flyer program, of United States based airline Alaska Airlines. Members can accrue program miles from flying Alaska Airlines and partner operated flights, using co-branded credit cards, and booking vacation and hotel packages, among other methods.
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Consolidated financial statement Consolidated financial statements are the "Financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent (company) and its subsidiaries are presented as those of a single economic entity", according to International Accounting Standard 27 "Consolidated and separate financial statements", and International Financial Reporting Standard 10 "Consolidated financial statements".
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Chautauqua Airlines Chautauqua Airlines, Inc., was an American regional airline and a subsidiary of Republic Airways Holdings based in Indianapolis, Indiana, United States. Prior to the shut down of operations, it operated scheduled passenger services to 52 airports in the United States and Canada via code sharing agreements as the Delta Connection for Delta Air Lines and AmericanConnection for American Airlines. Chautauqua previously flew feeder services for other airlines as well via code sharing agreements. Its last day in operation was December 31, 2014, at which time all flying was absorbed by the Shuttle America certificate.
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Trans World Airlines Trans World Airlines (TWA) was a major American airline from 1924 until 2001. It was formed as Transcontinental & Western Air to operate a route from New York City to Los Angeles via St. Louis, Kansas City, and other stops, with Ford Trimotors. With American, United, and Eastern, it was one of the "Big Four" domestic airlines in the United States formed by the Spoils Conference of 1930.
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Delta Air Lines fleet As of September 2017, the Delta Air Lines mainline fleet comprises 852 aircraft in service, making it one of the largest airline fleets in the world. Before merging with Northwest Airlines in 2009, Delta Air Lines operated an all-Boeing and McDonnell Douglas fleet; it incorporated Northwest's Airbus aircraft into its fleet following the merger and subsequently ordered further Airbus types. Delta is known for its policy of generally buying older generation or used aircraft and for continuing to fly aircraft for 20–30 years, much longer than most other major airlines. As such, it has one of the oldest fleets of any American airline, with an average fleet age of 17 years as of 2017. Fellow U.S. legacy carriers American Airlines and United Airlines have much younger fleets; as of December 29, 2016, American had an average fleet age of 10.3 years, while United had an average fleet age of 14.1 years.
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Combined statistical area A combined statistical area (CSA) is composed of adjacent metropolitan (MSA) and micropolitan statistical areas (µSA) in the United States and Puerto Rico that can demonstrate economic or social linkage. The United States Office of Management and Budget defines a CSA as consisting of various combinations of adjacent metropolitan and micropolitan areas with economic ties measured by commuting patterns. These areas that combine retain their own designations as metropolitan or micropolitan statistical areas within the larger combined statistical area.