^Lot 329 Allegheny Airlines - U.S.Air, Inc. Transition Bond

DE. 1979. Specimen. 4 different 5 1/2% Registered Bonds, Due 1987. All have Allegheny Airlines Logo in red and black on top. All are overprinted in red "Name Changed to US Air, Inc". 1). $1000, brown. 2). $5000, olive green. 3). $10,000 , orange brown. 4). $ odd, red. In 1937, a glider pilot, Richard C. du Pont of the Delaware du Ponts, formed All American Aviation, Inc. When the United States became involved in the great World War, du Pont went to work on the Army's glider program in California. Du Pont was killed in a glider crash in 1943. In 1953 the name was changed again to Allegheny Airlines. Due to its unreliable schedule and poor service it was knicknamed "Agony Air". In 1968 the company acquired Lake Central Airlines and in 1972 purchased Mohawk Airlines. Allegheny officially became USAir on October 28, 1979. Renamed U.S.Airways in 1997. Rare bond group. Never seen before. SCBNC. XF.