> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
[Caroline Islands Air was founded in 1995 under the name Caroline Pacific Air by Brian Caldwell and began operation with two aged Beechcraft E18S. In 1997, the company, which only had one of these machines at this time, its present name was Caroline Islands Air (passenger charter carrier based out of Pohnpei International (PNI))]
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