The crash of Flight 90 on January 13 , 1982 , coupled with Air Florida 's high financial leverage and reliance on foreign currency trading for profits , led the company to declare bankruptcy and cease operations on July 3 , 1984 , despite an effort by new head Donald Lloyd-Jones ( an alumnus of American Airlines ) to save the company . When operations ceased , Air Florida had over 18 months of unprocessed credit card ticket purchases and dozens of flight crews idle at home because management had failed to renew leases on all DC-10-30 aircraft . Midway Airlines acquired most of the assets of Air Florida for $ 53 million while Air Florida was in Chapter 11 bankruptcy protection
Flight 90
Air Florida Flight 90
Air Florida