Eastern Airlines is Back!
The ghost of one of the Big Four just became a reality. Though they have a long ways to go to catch up to the rest of the original group; Delta, United and American Airlines, Eastern Airlines is back with an ambitious goal.
From Eastern Airline's Press Release:
Begun in 1930 and continuing through 1991, Eastern Airlines was a mainstay in the airline industry. When times got tough, Eastern transferred most of its assets to Continental but maintained registration and ownership of their name and trademarks in hopes of a rebirth.
In late 2011, a professional group of airline managers acquired the intellectual property of Eastern Air Lines to develop a new business and financing plan to re-launch the airline, and formed Eastern Air Lines Group, Inc.
The team put together a plan to re-launch Eastern to be based at Miami International Airport ("MIA"). It quickly established working relationships with strategic partners including the Miami Airport Authority, Amadeus and Boeing.
Eastern’s relationship with Amadeus dates back to Eastern’s reservation system, called System One. This system was eventually sold by Eastern and later became the core of the Amadeus system. Eastern also has a special and unique relationship with Boeing dating back to the 1930s– Eastern was the first to operate the Boeing 727 and the 757.
The team developed a multi-level business and financing plan that was successfully used to raise the capital required for Eastern to be certified under FAA Regulation Part 121. That work has commenced, led by one of the industry’s leading certification consultants, Locked On. Today, the new Eastern is working with various industry-leading aircraft leasing companies to assemble a fleet of 737–Next Generation aircraft, and has signed an initial order with Boeing for new 737-800 aircraft with deliveries commencing in April 2017.
In addition, Eastern has moved into its headquarters office space at Building 5A at MIA, which was the former Eastern Operations Center, a four story building at the corner of LeJeune and 36th Street, and which once housed all of Eastern’s system control and maintenance control centers, and other operating units.