Eastern Air Lines (2nd) (Eastern Air Lines Group, Inc.) (Miami) headed by CEO Ed Wegel, wants to revive the Eastern name as previously reported. The paper airline now is searching for used airliners to start operations as a charter airline according to this article by Bloomberg Businessweek. New airplanes would have to wait until the prospective airline decides to start scheduled operations.
According to the article, “Eastern recently completed a private placement of voting common stock to raise $9 million to $14 million” which was deemed “a success” by Wegel. Eastern will need to obtain a Part 121 air operators certificate (AOC) before operations can begin.
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On January 28, 2014 Eastern Air Lines Group, Inc. issued this statement:
Eastern Air Lines Group, Inc. has filed an application with the United States Department of Transportation for a Certificate of Public Convenience and Necessity. Eastern plans on commencing its Part 121 certification with the Federal Aviation Administration shortly and has retained legal counsel and consultants for this purpose.
“We are honored to have the opportunity to launch an airline bearing the iconic Eastern Air Lines name,” said Eastern’s President and CEO Edward Wegel. “We have recruited a world class board of directors and a highly experienced management team to guide and lead this effort.”
About Eastern Air Lines Group, Inc.
Eastern Air Lines Group, Inc. was formed to re-launch Eastern Air Lines as a passenger airline using the Airbus A320 aircraft from its main base of operations at Miami International Airport (MIA). Eastern’s headquarters is located in Building 5A at MIA.
Eastern Air Lines Group, Inc. is not affiliated with the former Eastern Air Lines, which operated from 1928 to 1991 as one of the largest U.S. domestic air carriers.
Image Below: Eastern Air Lines Group, Inc.