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...choice Miami-to-London route, and has transferred 20 airliners to Continental, another unit of Texas Air. Two years ago, Eastern sold its computerized reservation system to Texas Air for $100 million -- a price most industry experts said was too low. Last October, Eastern agreed to sell its profitable Northeast shuttle to Donald Trump for $365 million. Two days after the bankruptcy notice, Eastern Express, a Florida commuter airline owned by a Texas Air subsidiary, changed its name to Continental Express. Said J.B. Stokes, a spokesman for the Air Line Pilots Association: "It was either make the stand now, while...

Author: /time Magazine | Title: Eastern Goes Bust | 3/20/1989 | See Source »

...were not the only ones swept up in the battle. As the strike strangled airline operations, 9,500 nonunion secretaries, ticket agents and other workers were laid off. Aside from making a handful of flights between Miami and Latin American cities, the airline concentrated its efforts on keeping the Northeast shuttle flying so that the cash-rich deal with Trump would not fall through. To attract passengers, Eastern offered a temporary fare of $12 for weekend shuttle flights from New York to Washington or Boston, a fraction of its usual rate of $69. The tactic worked: the first flights sold...

Author: /time Magazine | Title: Eastern Goes Bust | 3/20/1989 | See Source »

Eastern, which reported about 100 flights Tuesday, is seeking to sell its profitable Northeast shuttle to billionaire Donald Trump for $365 million...

Author: NO WRITER ATTRIBUTED | Title: Eastern Pilots Seek Trustee to Run Airline | 3/16/1989 | See Source »

...didn't know I was making a comeback either. All I could think about was 'Oh My God, my thesis is due in 11 days."--Harvard women's fencing Captain Penelope Papailias about her rally from a 4-0 deficit to defeat Yale's top-ranked fencer at the Northeast Regionals last weekend in New Haven...

Author: By Michael J. Lartigue, | Title: W. Squash Ends Another Enjoyable Year | 3/10/1989 | See Source »

...yesterday, when Eastern announced its cutbacks, 48 flights had taken off, 20 of them on the Northeast shuttle, the airline said...

Author: NO WRITER ATTRIBUTED | Title: Eastern Cuts Back Nearly All Flights | 3/7/1989 | See Source »

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