Eastern was an innovator, with an impressive list of accomplishments that set industry standards and changed the way things were done. The future President John F. Kennedy was photographed being boarded on a stretcher on an Eastern Constellation at Logan Airport, attended faithfully by Eastern stewardesses.
The New Eastern, which began operations in May operating charter flights for sports teams and to Cuba, has been facing financial challenges in recent months. As a result, billionaire and primary investor Vincent Viola has been trying to find a buyer for the beleaguered carrier with the Swift acquisition or a shutdown, becoming a constant rumor.
As of right now, the Eastern fleet stands at only three aircraft.
This could lead to further reductions in scheduled commercial service, and provide an opening for the charters. For example, a hub in San Juan was under consideration as well. The status of these is unclear. Swift Air, based in Phoenix, has been operating for nearly 20 years.
The email to employees alerting them to the merger reads as follows: We have made some difficult decisions regarding staff levels, bringing our total headcount from to ……about the level that we expect to maintain for the foreseeable future.
We continue to measure, monitor, and improve everything we can every day……. At the meeting in March we also discussed the fact that our shareholders have received several offers to buy or merge the airline and while none were imminent at the time, I promised to keep you informed to the best of my ability about the future of the company.
After careful review by our board and several outside advisors, one opportunity stood out as the best option among many. In the broadest sense, the deal will make us part of a 20 aircraft airline that will allow us to serve our customer base with exponentially increased economies of scale and flexibility, gives our shareholders the opportunity to participate in the rapid growth of a very profitable company, and ensures the Eastern brand not only survives, but grows.
Clearly this decision impacts all of us, and between now and the end of August when the closing is expected to occur, I will keep you informed every step of the way. In the next few weeks Nick and I will be working closely with the Swift executive team to determine the infrastructure requirements of the newly combined company — at preliminary meetings this week, it became clear that the combined entity will be fast-growing and will need more space, equipment, and talent.
This transitional planning effort will undoubtedly result in offers for some employees to join the new venture, and financial retention incentives for those who do not. I can assure you both executive teams will work diligently to ensure the best possible outcome for everyone, and will communicate accurately and timely as decisions are made.
I realize this news may be disconcerting to many of you, but I hope you will join me in viewing this as a very positive development; it is simply the next exciting chapter of the Eastern Air Lines story. I want to take this opportunity to thank all of you for everything you have done and will continue to do.
You all have remained steadfast in the face of an enormous amount of difficult organizational change, and I ask you to stay the course — we have a great team, and we need to remain diligent, work efficiently, and fly safely……… Airways has reached out to Eastern for a statement.Launched code-sharing cooperation with China Eastern Airlines and Shanghai Airlines and signed a Strategic Framework Agreement with Zhejiang Tourism Group.
Maintained routes between Taiwan and Japan to assist Japan in rapid rebuilding after the earthquake/tsunami. Awakening: An Introduction to the History of Eastern Thought engages students with lively anecdotes, essential primary and secondary sources, an accessible writing style, and a clear historical approach.
The text focuses primarily on India, China, and Japan, while showing the relationships that exist between Eastern and Western schwenkreis.coms: 1. Eastern Airline has a history that dates back to At that time, Pitcairn Aviation Inc. a mail carrier had been created to provide mail services to the United States Postal Service.
In , the company was sold and then renamed to Eastern Air Transport. was one of several carriers that. THE QATAR AIRWAYS STORY Charting The Rise Of One Of The Fastest Growing Airlines In The World Airline Of The Year , , & Best Business Class In The World , , & (Skytrax Airline Global Industry Audit) Introduction Qatar Airways is the national airline of the State of Qatar and one of the .
Introduction. On the first Monday in March, , the unthinkable struck Eastern Air Lines: a deficit. After 26 years of profits, Eastern declared a loss of $ million. * Please note that the average fleet age is based on our own calculations and may differ from actual figures! Only supported aircraft types that are active with this airline are included in the calculations.
Please refer to the current fleet list to .