This has occurred with FLYi airline's AOC being bought by Northwest Airlines to start Compass Airlines, now a feeder airline for Delta Air Lines marketed as Delta Connection), and also with Strategic Airlines purchasing the AOC, staff and routes of the failed OzJet airlines.
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Inter Island Airways received its air carrier certificate in September 1995 and began providing domestic passenger and cargo air service between Pago Pago (Tutuila Island), and Tau (in the Manu'a Islands).
It is also known as Patent Alexander after British field marshal Harold Alexander, commander of Allied forces in Italy.