January 1981 - January 20, 1981 (Tuesday)

January 20, 1981 (Tuesday)

• Iran hostage crisis: On Jimmy Carter's last day as 39th President of the United States, he had hoped that the 52 American hostages in Iran would be allowed to leave before his term expired at noon. At 6:18 am Washington time, the escrow papers were completed to transfer $7,970,000,000 in Iranian assets from U.S. banks to the Bank of England. At 8:04 am EST, the Algerian intermediaries notified both the U.S. and Iran that the transfer was complete. The Boeing 727 carrying the hostages, Air Algérie Flight 133, was boarded at 8:20 pm Tehran time (11:50 am EST), but did not depart until 35 minutes later, after Ronald Reagan was sworn into office as the 40th U.S. President. The plane left Iranian airspace an hour, landing in Athens for refueling, then arriving at Algiers at 2:10 am local time the next day, where the former hostages were transferred to two Medevac planes and flown to Wiesbaden Army Airfield in West Germany.
• Born: Jason Richardson, American NBA player, in Saginaw, MI; Owen Hargreaves, Canadian-born English footballer; and Brendan Fevola, Australian rules footballer