You will be redirected back to your article in seconds

MGM Grand to drop sked

MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian.

The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it launched in 1989.

Chuck Demoney, president of the airline subsidiary, said “irrational competition” and the recession had hammered the entire industry.

Meanwhile, MGM Grand’s charter revenues have grown at an annual rate of 89%, to $ 18 million this year, and promise to rise another 50% next year, he said.

More Biz

  • Éric Salvail Suspends Career After Sexual

    Quebec Radio Star and Producer On Leave Over Sexual Harassment Allegations

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

  • Harvey Weinstein Quentin Tarantino

    Quentin Tarantino on Harvey Weinstein: 'I Knew Enough to Do More Than I Did'

    MGM Grand Inc. said yesterday it will abandon its “all-frills” scheduled airline service between Los Angeles and New York at year end, grounding an ambitious personal vision of owner Kirk Kerkorian. The Las Vegas-based company, which also operates hotels and casinos, said it will concentrate instead on expanding its worldwide charter airline business, which it […]

More From Our Brands

Access exclusive content