Bankruptcy
In May 1993 Metro Airlines went bankrupt. The airline assets were promptly purchased and renamed by AMR Corporation whom were already involved with Metro Airlines by way of the "banner carrier" codeshare flying that Metro performed for AMR via its Metroflight division with these services being created cooperatively by the legacy carrier, being American Airlines, and the regional, being Metro subsidiary Metroflight, as American Eagle during the mid-1980s.
Houston Metro's original home, being the Clear Lake City STOLport located in the Houston area near the NASA Johnson Space Center, was abandoned and subsequently demolished in order to make way for suburban development. There is currently no trace of this pioneering airfield to be seen.
In later years, Continental Express operated scheduled passenger air service from Ellington Field (EFD) which is located near the former site of the Clear Lake City STOLport. Like Houston Metro, these Continental Express flights, operated with ATR-42 and Embraer EMB-120 Brasilia turboprops and later by Embraer ERJ-135 regional jets on behalf of Continental Airlines, were designed to transport connecting passengers via a short hop across the city to Houston George Bush Intercontinental Airport (IAH). However, this service was finally discontinued as well.
Read more about this topic: Metro Airlines
Famous quotes containing the word bankruptcy:
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
—Washington Irving (1783–1859)
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)