Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 

Great deal: today with a discount!

Regular price:
1 016 Ft
You save:
192 Ft
Discounted price*:
824 Ft
Purchase
Add to Wish List
ID number:883185
Evaluation:
Published: 01.01.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

In 1986, Eastern Airlines was in desparate trouble. The fourth quarter of 1985 had shown a $67.4 million loss, and financially experts had told Frank Borman, president and chief executive officer, that the airline had three choices: 1) a 20 percent pay cut for all union and noncontract employees. 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. 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.

Work pack:
GREAT DEAL buying in a pack your savings −1 644 Ft
Work pack Nr. 1290107
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „Eastern Airlines Faces Bankruptcy”.

Link to paper:
https://eng.ekonyvtar.eu/w/883185

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register