Original ONA ceased operations in September 1978; the company voluntarily liquidated rather than face the risks of a quickly deregulating airline industry.
In October 1979 Hinckley and his family owned 61% of ONA1 and Robert E. Wagenfeld, another former original ONA executive, had bit more than 30%; ONA1 and affiliates had 350 employees.
[11] 1982 was the first year "United Air Carriers" or "Overseas National Airways" appears as an airline in the annual FAA Statistical Handbook of Aviation.
[16] In May 1983 the Air Line Pilots Association (ALPA) petitioned the National Mediation Board (NMB) to find UAC2 the successor to original ONA, and thus ALPA entitled to represent UAC2 pilots,[17] but in 1985 the NMB declined to make such an finding.
[18] In 1983, UAC2 changed its dba to National Airlines, purchasing the name from Pan Am in a contract where UAC2 agreed to not use this identity in certain markets for up to five years.
"[20] The name change was official 1 December 1983 and which time the carrier said it offered charters to Paris, Rome, Rio de Janeiro, London, Zurich and Milan.
Relative to such charters, a 1986 Congressional report noted that based on data from industry-wide FAA inspections, UAC2 had one of the highest levels of "severity level 3" FAA inspection comments, "representing situations having the highest potential for unsafe flight conditions.