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Essay

Eastern Airlines Facing Bankruptcy

Essay specific features

 

Issue:

Business

 

Written by:

William M

 

Date added:

October 14, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1258

 

Was viewed:

3523 times

 

Rating of current essay:

 
Essay content:

2) Filing for Chapter 11 (bankruptcy) or 3) Selling the airline. On February 23, 1986, Eastern's board of directors met to decide the fate of the company. Frank Borman, quickly left his home in Coral Gables to Building 16 at Miami International Airport that Sunday evening, to discuss plans on saving the airlines...
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The board of directors had recessed for dinner following afternoon session and was scheduled to convene at 7:30 p.m. At the earlier meeting, Wayne Yeoman, senior vice president for finance, had spent most of the time outlining the details of Texas Air's offer to buy Eastern. Frank Lorenzo and Frank Borman had been talking since December originally about consolidating the computerized reservation systems, then , as Eastern's problems deepen, about a possible sale...
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