June 27, 2017 10:38 PM ET


Company Overview of Eastern Air Lines Group, Inc.

Company Overview

Eastern Air Lines Group, Inc., an airline company, provides passenger air transportation services through a fleet of aircraft in the United States. It was formerly known as Eastern Air Transport, Inc. and changed its name to Eastern Air Lines Group, Inc. in 1934. The company was founded in 1927 and is based in Miami, Florida. Eastern Air Lines Group, Inc. operates as a subsidiary of VV-DC Eastern Investments, LLC.

1221 Brickell Avenue

Suite 2660

Miami, FL 33133

United States

Founded in 1927

Key Executives for Eastern Air Lines Group, Inc.

Interim Chief Executive Officer and Chief Financial Officer
Chief Technical Officer
Vice President of Flight Operations
Compensation as of Fiscal Year 2016.

Eastern Air Lines Group, Inc. Key Developments

Vincent Viola Seeks To Divest Stake In Eastern Air Lines

Vincent Viola, US President Donald Trump's nominee to be Secretary of the Army, has been negotiating to sell his stake in Eastern Air Lines Group, Inc. Vincent Viola has been trying to swap his majority interest in Eastern Air Lines for a smaller stake in Swift Air, LLC, according to people with knowledge of the negotiations who spoke on the condition of anonymity.

Eastern Air Lines Group Inc. Announces Executive Changes

Eastern Air Lines Group Inc. announced that, effective immediately, James Tolzien has been appointed as the company's Interim Chief Executive Officer. The move also marks the departure of former CEO Mr. Edward Wegel. Mr. Tolzien will continue to lead Eastern's growth while the Board of Directors conducts a global search for a permanent CEO. The search will be led by General (Ret.) Ray Odierno, Chairman of the Board of Eastern Air Lines and assisted by the global executive search firm Korn Ferry. Mr. Tolzien has been Chief Financial Officer of Eastern Air Lines Group since its inception in 2011. Mr. Tolzien has over 40 years of executive experience across the travel industry. He has served as both Chief Financial Officer and Chief Operating Officer for several major corporations, including Alamo Rent A Car, Budget Car Rental, and the corporate travel management company TravelLeaders.

Eastern Air Lines Group, Inc. Names General (Ret.) Raymond T. Odierno to the Eastern Board of Directors

Eastern Air Lines Group, Inc. announced the election of General (Ret.) Raymond T. Odierno, to the eastern board of directors. General Odierno recently retired, after graduating from West Point and 40 years of active military service to its nation, as US Army Chief of Staff, and prior to that assignment served as Commander, United States Joint Forces Command and Commander- United States Forces- Iraq.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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