Word: trumping
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...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 there's still something...
...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 well...
Eastern, which reported about 100 flights Tuesday, is seeking to sell its profitable Northeast shuttle to billionaire Donald Trump for $365 million...
...machinists were the last major obstacle to Lorenzo's cost-cutting campaign. Since taking over the troubled airline in 1986, Lorenzo has slashed the work force from 40,000 to 30,000, dropped service to 14 cities and sold off the profitable Eastern Shuttle for $365 million to Donald Trump. Eastern's pilots and flight attendants had already submitted to wage cuts before Lorenzo took over...
...cleans out the Sox's front office--installing Guccione as general manager and Trump as director of operations...