Mark Morro
Mark Morro(w) is an American investor and TV and radio producer. He is the co-founder of the former American regional airline, Wings West Airlines (now American Eagle).
Background
In 1979, Morro founded Wings West Airlines with Bill Herish, which was established as a low-cost regional airline and became a publicly traded company in 1983. In 1984, Wings West Airlines, under the American Eagle name, via an agreement with American Airlines. In the same year, a Wings West Beechcraft Model 99 collided with a private Rockwell Commander 112TC aircraft, killing 17 persons.
In 1990, Morro was one of the 26 general partnership investors in the acquisition of the bankruptcy of Fairchild Aircraft for $62 million. In 1996, the company acquired the German aircraft company Dornier Luftfahrt, which manufactured regional airline jets, fuselage, and wings for Airbus jets.
In 1994, Morro became the CEO of Air21, a Fresno-based start-up. In 1996, another crash in Everglades by ValuJet Airlines Flight 592 resulted in negative news coverage. A planned Air21 public offering was canceled by Wall Street when a TWA 747 crash followed the Glades crash off of Long Island shortly after that.
In 1996, the Air21 board agreed to a merger with an investment banker, David Walsh, and his company Pacific Southwest Airlines. Morro stepped down in December 1996 when Walsh was appointed as the CEO as a deal requirement.
Morro created two syndicated TV series, The Coastal Gardener and Garden Travels, which aired on 200 stations.
Background
In 1979, Morro founded Wings West Airlines with Bill Herish, which was established as a low-cost regional airline and became a publicly traded company in 1983. In 1984, Wings West Airlines, under the American Eagle name, via an agreement with American Airlines. In the same year, a Wings West Beechcraft Model 99 collided with a private Rockwell Commander 112TC aircraft, killing 17 persons.
In 1990, Morro was one of the 26 general partnership investors in the acquisition of the bankruptcy of Fairchild Aircraft for $62 million. In 1996, the company acquired the German aircraft company Dornier Luftfahrt, which manufactured regional airline jets, fuselage, and wings for Airbus jets.
In 1994, Morro became the CEO of Air21, a Fresno-based start-up. In 1996, another crash in Everglades by ValuJet Airlines Flight 592 resulted in negative news coverage. A planned Air21 public offering was canceled by Wall Street when a TWA 747 crash followed the Glades crash off of Long Island shortly after that.
In 1996, the Air21 board agreed to a merger with an investment banker, David Walsh, and his company Pacific Southwest Airlines. Morro stepped down in December 1996 when Walsh was appointed as the CEO as a deal requirement.
Morro created two syndicated TV series, The Coastal Gardener and Garden Travels, which aired on 200 stations.
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