September 18, 1994 |
Champagne and caviar are to MGM Grand Air what soft drinks and peanuts are to other domestic carriers. And now the luxury airline, which most recently had been offering upscale charter flights, has unveiled what the company dubs the "Golden Triangle" of scheduled service to Los Angeles, New York and Las Vegas, which is the hub. The airline has one goal: carrying guests in style to the airline's sister company, the opulent MGM Grand Hotel in Las Vegas.
August 7, 1994
MGM Grand Air, which has focused mainly on first-class charter service, will begin scheduled commercial service between New York, Los Angeles and Las Vegas on Sept. 8. Company officials said the idea is to link America's two largest cities with Las Vegas, the nation's fastest growing market. There will be two round-trip flights between LAX and JFK daily, except Saturdays and on Thursday and Sunday, one flight that makes a loop from LAX to Las Vegas to New York and back.
April 7, 1993 |
Robert L. Gould Named MGM Grand Air President, CEO: The charter airline said Gould will succeed Charles Demoney, who resigned to pursue other interests. Gould, 54, most recently served as president and chief operating officer of Eastern Airlines. Prior to that, he spent 25 years with Pan American World Airways, where he served in positions ranging from pilot to senior vice president.
November 20, 1992 |
MGM Grand Air, which caters to wealthy travelers with private first-class compartments and stand-up bars, on Thursday said it will scrap its money-losing scheduled flight service in favor of air charters. Founded by reclusive financier Kirk Kerkorian five years ago, MGM Grand Air's gilded Los Angeles-to-New York service fell victim to the recession and intense airline industry competition, said President Charles Demoney.
February 22, 1992 |
Federal authorities conducting a criminal investigation of Mark L. Nathanson's activities as coastal commissioner also are delving into his role in launching billionaire Kirk Kerkorian's luxury-class airline, MGM Grand Air, The Times has learned. Nathanson's work for Kerkorian also underscored the benefits stemming from his relationship with his political patron, Assembly Speaker Willie Brown.
August 15, 1991 |
MGM Grand Sells Shares: The Las Vegas casino developer and owner of MGM Grand Air said it raised $200 million through a stock rights offering at $12 a share. Existing MGM stockholders bought 8,870,941 shares, of which 8,333,334 were bought by Tracinda Corp., the Kirk Kerkorian-led investment firm that already was MGM Grand's major stockholder. New investors bought 7,150,000 shares. The stock was sold through brokerage Bear, Stearns & Co. MGM closed at $12.125 on the New York Stock Exchange.