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PSA, Inc. 1974 Specimen <100 Shares Odd Shrs Stock Certificate Aviation Rare XF

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:30.00 USD Estimated At:50.00 - 100.00 USD
PSA, Inc. 1974 Specimen <100 Shares Odd Shrs Stock Certificate Aviation Rare XF
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California. Pacific Southwest Airlines (PSA) was a United States airline headquartered in San Diego, California, that operated from 1949 to 1988. It was the first large discount airline in the United States. PSA called itself "The World's Friendliest Airline" and painted a smile on the nose of its airplanes, the PSA Grinningbirds. Opinion L.A. of the Los Angeles Times called PSA "practically the unofficial flag carrier airline of California for almost 40 years." The airline initially operated as an intrastate airline wholly within the state of California. This strategy which avoided the steep costs from federal regulation would later serve as the model for Southwest Airlines, doing in Texas what PSA had done in California. After the Airline Deregulation Act of 1978, PSA expanded to cities in other western states, and eventually to several cities in Mexico. In 1986 PSA became the first of two airlines that merged into the existing USAir, followed by Piedmont Airlines in 1987. The PSA acquisition was completed in 1988. USAir changed its name to US Airways in 1997. In 2005, after its second bankruptcy filing, America West Airlines acquired US Airways, continuing with the name until it merged with American Airlines in 2013. In November 1995 the PSA name was given to Jetstream International Airlines, becoming PSA Airlines, so that US Airways could preserve the PSA name and trademarks. US Airways had acquired Jetstream International in 1987, when it was a subsidiary of Piedmont Airlines.