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Delta Corporate Svcs history
Delta Corporate Svcs company history timeline
Small, financially weak, and regional airlines were hardest hit by the trouble; Delta was one of the prime beneficiaries of the failure in January 1991 of Eastern Airlines, which like Delta had a significant portion of its routes in the southeastern United States.
In 1991 Delta made a major move toward becoming an international player by purchasing a $1.7 billion package of assets from Pan Am, outbidding chief rivals American and United.
The general economic recession and continued high fuel prices, combined with the weight of Pan Am's heavy debt, resulted in net losses of $506 million for fiscal year 1991.
In 1991 Delta became part owner of bankrupt Pan American World Airways, acquiring the latter’s routes to Europe, the Middle East, and South Asia in the process.
The company became a deemed public limited company due to the acquisition of shares by finolex group and name was changed to Creole Holdings Company Ltd on June 2 1992.
To counteract this trend, Delta announced reductions of 45 percent on transatlantic fares at the onset of the summer 1992 season, resulting in record traffic of 8,511,966 passengers in August.
In April 1993, in an effort to increase its share of transpacific air traffic, Delta launched new non-stop flights between Los Angeles and Hong Kong.
Initially, the stronger emphasis on overseas routes paid off for the company, leading to profits of $60.4 million in the first quarter of fiscal 1993, compared to a net loss of $125.2 million for the first quarter of the previous year.
Inspired by this success, Delta strove to further expand its international presence by entering into code-sharing agreements with a number of foreign carriers in 1994, including Virgin Atlantic, Vietnam Airlines, and Aeromexico.
1994: Delta's Leadership 7.5 program is launched, seeking to dramatically restructure and streamline operations.
These drastic measures brought quick results, and the company was able to claim a net profit of $251 million for the fourth quarter of fiscal 1995.
Delta named in New Jersey’s Technology “Fast 50” list – Ranked #1 in 1996
Centennial Olympic Park was built for use during the 1996 Summer Olympic Games.
The reduction of the company's customer service team resulted in a significant increase in passenger complaints, and by 1997 Delta dropped to last place in on-time rankings among the ten leading United States airlines.
Overcrowding, frequent delays, and poor service resulted in a substantial increase in the numbers of complaints lodged with the Department of Transportation in 1999, prompting Congress to consider legislation that would impose stricter regulations on the airlines' business practices.
2000: BusinessElite service expanded to selected long-haul flights within the United States on May 1.
2000: Total number of passengers carried during the year reaches an all-time high of 120 million.
The new year brought little relief, and another 1,700 cancellations followed in the first ten days of January 2001.
Delta announced plans to fold Song into Delta's domestic operations on October 28, 2005.
In 2005, however, it filed for bankruptcy protection and was subsequently reorganized.
Former Song 757s started appearing on Delta's transcontinental routes in Fall 2006.
In December 2007 Highstreet Cruises and Entertainment Pvt Ltd a subsidiary company purchased 100% equity of Victor Hotels and Motels Ltdhe company through their subsidiaries took up new projects and business ventures in entertainment and gaming aviation and hospitality.
2007: Delta Connection First Class
Delta Connection added two-class regional jets to its fleets in 2007, with new Bombardier CRJ900 aircraft offering 12 First Class seats.
In January 2008 the company entered into a joint venture with the Reliance Industries Ltd and formed a company namely Delta Corp East Africa Ltd for developing real estate projects in East Africa.
Also they changed the name of the company from Arrow Webtex Ltd to Delta Corp Ltd with effect from 31st October 2008.
2008: Delta introduced Flat Bed seats on BusinessElite on its new long-range Delta Boeing 777s.
By 2009, Delta Connection carriers operated one of the airline industry’s largest two-class regional jet fleets with 77 aircraft in service, including 51 76-seat Bombardier CRJ900s and 16 70-seat Embraer 170s.
Delta introduced a premium economy section – Economy Comfort – on all long-haul international flights in Summer 2011.
In 2011, the attraction, open by appointment only, was designated a Historic Aerospace Site.
2012: Economy Comfort expanded to all Delta flights – domestic and international – with a First Class and Economy Class cabin beginning June 7, 2012.
After a $10 million renovation in 2014, the Delta Flight Museum opened to the general public six days a week.
Starting March 1, 2015, Delta customers could choose between these in-flight experiences:
2015: Economy Comfort was rebranded as Comfort+.
Delta introduced the world's first all-suite business class in Delta One when its new flagship aircraft, the Airbus A350, went into service in 2017.
As Delta flies into its 90th anniversary of passenger service in 2019, the historical collections of the company continue to grow more accessible and active than ever.
Glance user base grows by 30% YoY to reach 183 million in Q1 2022
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Delta Corporate Svcs may also be known as or be related to Delta Corporate Services, Delta Corporate Services, Inc. and Delta Corporate Svcs.