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NEWS
April 7, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
An investment group headed by former Baseball Commissioner Peter V. Ueberroth said Thursday that it would buy strikebound and bankrupt Eastern Airlines in a deal valued at $463.9 million. The agreement between Ueberroth and Texas Air Corp., which owns Eastern, was reached in a week of negotiations that almost collapsed several times.
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NEWS
April 7, 1989 | HENRY WEINSTEIN and ROBERT E. DALLOS, Times Staff Writers
An investment group headed by former Baseball Commissioner Peter V. Ueberroth said Thursday that it would buy strikebound and bankrupt Eastern Airlines in a deal valued at $463.9 million. The agreement between Ueberroth and Texas Air Corp., which owns Eastern, was reached in a week of negotiations that almost collapsed several times.
BUSINESS
November 18, 1992 | From Associated Press
Unsecured creditors of Continental Airlines could get as little as 4.8 cents or as much as 36.1 cents on the dollar for their claims, according to details of the airline's bankruptcy reorganization plan released Tuesday. The plan, based on a $450-million cash infusion from Air Canada and other investors, would give most secured debt holders nearly everything they are owed. It comes one week after Continental announced that it had selected the $450-million buyout offer from Air Canada.
BUSINESS
July 13, 1987 | MARTHA M. HAMILTON, The Washington Post
One of the hardest-fought marketing battles in the airline industry doesn't involve discount fares or frequent-flier programs. It's a battle for computer reservation systems. In just a few years, these systems have become critically important tools for airlines. They have radically transformed the distribution system through which airline tickets are sold and offer carriers undreamed-of opportunities for fine-tuning their marketing.
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