Charles Kirkconnell International Airport round trip service flown with a Beech Model 18 twin prop aircraft on a routing of Grand Cayman - Little Cayman (flag stop only) - Cayman Brac - Montego Bay. According to the airline's May 1, 1965 timetable, connecting service to Miami via Grand Cayman was offered by LACSA, an airline based in Costa Rica, while additional CBA connecting service to Miami as well as to New York City was offered by Pan Am via Montego Bay. In 1968, the government of the Cayman Islands purchased a controlling interest in Cayman Brac Airways from LACSA and then formed Cayman Airways
Airline air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations. Thus the last 50 years of the airline industry have varied from reasonably profitable, to devastatingly depressed. As the first major market to deregulate the industry in 1978, U.S. airlines have experienced more turbulence than almost any other country or region. In fact, no U.S. legacy carrier survived bankruptcy-free. Among the outspoken critics of deregulation, former CEO of American Airlines, Robert Crandall has publicly stated: "Chapter 11 bankruptcy protection filing shows airline industry deregulation was