Eastern: The Corpse That Wouldn't Die
Can grounded Eastern Air Lines take off again--and can Martin Shugrue keep his lucrative berth in the pilot's seat? Looks like the weather is awfully heavy. Shugrue, Eastern's trustee in bankruptcy, unveiled plans Apr. 28 to resurrect the Miami-based carrier by using some of its 53 former planes mothballed in the Arizona desert--which belong to creditors--to start a low-cost airline.
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