Word: lorenzo
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...Lorenzo's stripping of Eastern's valuable assets constitutes, at a minimum, gross mismanagement and incompetence," the pilots union said...
...papers filed in U.S. Bankruptcy Court in New York, the pilots charged that Lorenzo, chair of Eastern's parent Texas Air Corp., intends to dismantle the airline...
...YORK--Eastern Airlines pilots, accusing Chairperson Frank Lorenzo of "gross mismanagement and incompetence," have asked a bankruptcy judge to appoint an independent trustee to run the strikecrippled carrier...
Eastern's 3,600 pilots pledged to honor the strike even though Lorenzo had appealed to them at midweek via a 20-minute video taped at his Houston home. Said Lorenzo: "If the pilots, the flight attendants and the noncontract employees support the picket line and don't show up for work, Eastern cannot survive." As the tape rolled, Lorenzo took out a new contract he was about to offer his pilots and signed...
...asked for an additional $64 million a year in concessions. The pilots rejected the contract and threw their support to the I.A.M. members, asserting that the airline's fleet could not be safely maintained during a mechanics' walkout. Said John Bavis, head of Eastern's pilots' union: "What's Lorenzo going to do with 225 airplanes? Take them down to the local Jiffy Lube...