Photos © R.Leeuw

Vanguard was grounded on July 30th 2002, after twice being refused federal loan help, to keep it flying; as a low-cost operator with few financial reserves to its name (all aircraft were leased) it could not cope with the setback the airline industry faced after "nine-eleven" , the terrorist attack on the US Sept.11 2001.
The carrier, which served Midwestern, Rocky Mountain and Western cities in the United States for eight years, was seeking an USD$8 million guarantee for a USD$15 million loan. It had made a revised application after the Air Transportation Stabilization Board rejected an earlier plea for help.
Vanguard's fleet of MD-80 and Boeing 737 aircraft was grounded and most of its staff were dismissed.
| Registration | Type of Aircraft | C/n | N120NJ | Boeing 737-2T5 (A) | 22979 / 950 | N121NJ | Boeing 737-2Q8 (A) | 21735 / 582 | N122NJ | Boeing 737-230 (A) | 22120 / 715 | N123NJ | Boeing 737-230 (A) | 22121 / 720 | N124NJ | Boeing 737-230 (A) | 22122 / 721 | N239TA | Boeing 737-25A (A) | 23789 / 1392 | N132NJ | McD.-Douglas MD-87 (DC-9-87) | 49780 / 1674 | N136NJ | McD.-Douglas MD-87 (DC-9-87) | 49413 / 1681 | N130NJ | McD.-Douglas MD-82 (DC-9-82) | 49222 / 1139 | N131NJ | McD.-Douglas MD-83 (DC-9-83) | 49846 / 1581 | N135NJ | McD.-Douglas MD-82 (DC-9-82) | 49440 / 1304 | N140NJ | McD.-Douglas MD-82 (DC-9-82) | 49931 / 1754 | N141NJ | McD.-Douglas MD-82 (DC-9-82) | 49932 / 1756 | N814US | McD.-Douglas MD-81 (DC-9-81) | 48094 / 1053 |

N603DJ is a 737-222 (c/n 19955 / 210), here at Chicago-Midway in Aug98; from Vanguard it went to Aero Continente.

Sources:
Fleet info: JP Airline Fleets 2002/2003
You can find a list of defunct airlines since year 2000 on this external link: http://www.justplanes.com/