HISTORY: COMPASS AIRLINES operated in Australia for two brief periods in the early 1990s. The two incarnations of the airline were quite separate with different management and aircraft. Compass I was Australia's first low cost airline. It was established following deregulation of the Australian airline industry in 1990. Compass Airlines, later referred to as Compass Mk I was established by Bryan Grey, who had previously run regional airline East-West Airlines. Compass Mk II was originally conceived as Southern Cross Airlines but chose to trade under the Compass brand, which seemed to have popular support. It collapsed less than a year later in 1993.
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