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Texas Air buys Eastern Airlines for $676 million

Pacific Southwest Airlines (PSA) was a low-cost airline in the United States headquartered in San Diego, California, that operated from 1949 to 1988. Founded by Kenny Friedkin and J.

Pacific Southwest Airlines (PSA) was a low-cost airline in the United States headquartered in San Diego, California, that operated from 1949 to 1988. Founded by Kenny Friedkin and J. Floyd Andrews, it was the first substantial scheduled discount airline. PSA called itself "The World's Friendliest Airline" and painted a smile on the nose of its airplanes, the PSA Grinningbirds. The Los Angeles Times called PSA "practically the unofficial flag carrier airline of California for almost forty years."

For three quarters of its existence, PSA operated as a California intrastate airline. PSA's early success as an intrastate airline served as a model for Southwest Airlines, which did in Texas what PSA had done in California.

Historical Significance

Pacific Southwest Airlines (PSA) was a low-cost airline in the United States headquartered in San Diego, California, that operated from 1949 to 1988.

Events Before

  1. 'Nordu.net' is registered as the world's first domain name on the internet

    This is a list of the oldest extant registered generic top-level domains used in the Domain Name System of the Internet. Until 1986, Domain Registration was limited to organizations with access to…

  2. Israel's government confirms the resettlement of 10,000 Ethiopian Jews

    Israel's government confirms the resettlement of 10,000 Ethiopian Jews

  3. Baseball player Darryl Strawberry (22) weds Lisa Andrews

    Baseball player Darryl Strawberry (22) weds Lisa Andrews

  4. Charity single "We Are the World" recorded by supergroup USA for Africa (Michael Jackson, Lionel Richie, Quincy Jones, B

    Charity single "We Are the World" recorded by supergroup USA for Africa (Michael Jackson, Lionel Richie, Quincy Jones, Bruce Springsteen, Stevie Wonder, and other pop stars)

  5. South African President P. W. Botha offers to free Nelson Mandela if he denounces violence

    Nelson Rolihlahla Mandela was a South African anti-apartheid activist and statesman who was the first president of South Africa from 1994 to 1999.

Events After

  1. 60 bodies are recovered from the Dupont Plaza Hotel fire in Puerto Rico

    60 bodies are recovered from the Dupont Plaza Hotel fire in Puerto Rico

  2. Aretha Franklin becomes the first woman inducted into the Rock and Roll Hall of Fame

    Aretha Louise Franklin ( ə-REE-thə; March 25, 1942 – August 16, 2018) was an American singer, songwriter and pianist.

  3. Astronomers at the University of California witness the first observation of the birth of a galaxy

    Astronomers at the University of California witness the first observation of the birth of a galaxy

  4. Opera impresario Sir Rudolf Bing (85) weds Carroll Douglass (45); annulled in September, 1989

    Opera impresario Sir Rudolf Bing (85) weds Carroll Douglass (45); annulled in September, 1989

  5. Pennsylvania politician R. Budd Dwyer shoots and kills himself at a press conference on live national television, sparki

    Pennsylvania politician R. Budd Dwyer shoots and kills himself at a press conference on live national television, sparking debate about the boundaries of journalism

More from the 1980s

Fall of the Berlin Wall

The Berlin Wall falls as East Germany opens its borders, symbolizing the end of the Cold War and the beginning of German reunification.

politics governmentwars conflicts

Space Shuttle Challenger Disaster

The Space Shuttle Challenger breaks apart 73 seconds after launch, killing all seven crew members in one of the most devastating disasters in space exploration history.

space explorationscience technology

The "Epic in Miami," played in 85°F heat, sees the San Diego Chargers defeat the Miami Dolphins 41-38 in overtime in the

The "Epic in Miami," played in 85°F heat, sees the San Diego Chargers defeat the Miami Dolphins 41-38 in overtime in the AFC Divisional Playoff, setting numerous playoff scoring records

death

Bill Veeck dies

Bill Veeck baseball executive, known for american baseball executive, died on 1986-01-02. William Louis Veeck Jr.

Frequently Asked Questions

What happened on February 24, 1986?
Pacific Southwest Airlines (PSA) was a low-cost airline in the United States headquartered in San Diego, California, that operated from 1949 to 1988. Founded by Kenny Friedkin and J. Floyd Andrews, it was the first substantial scheduled discount airline.
Why is Texas Air buys Eastern Airlines for $676 million significant?
Pacific Southwest Airlines (PSA) was a low-cost airline in the United States headquartered in San Diego, California, that operated from 1949 to 1988.

Explore More

February 24 in HistoryYear 1986