The new Eastern announces a new major investor

Eastern (2nd) 737-800 WL (65)(Flt-1)(Eastern)(LRW)

Eastern Air Lines (2nd) (Miami) has issued this statement:

Eastern Air Lines is pleased to announce the closing of its current equity round, with a major investment from Mr. Vincent Viola. Mr. Viola is an investor and entrepreneur whose business career has spanned over three decades. He previously rose to Chairman of the New York Mercantile Exchange, and is currently the Chairman of Virtu Financial, as well as the co-founder and a significant shareholder in Independent Bank in Texas and the owner of the Florida Panthers of the National Hockey League.

Mr. Viola is also a graduate of the United States Military Academy and New York Law School and has led the funding and creation of the Combating Terrorism Center at West Point. Over the past 30 years he has been a leading advocate for veteran’s issues and philanthropy.

“We are extremely honored to have Mr. Viola as our major shareholder and having the benefit of his broad business experience as a board member. He is a patriot as well as a highly accomplished business and civic leader, with a strong commitment to South Florida where Eastern is headquartered”, said Ed Wegel, Eastern’s President and CEO.

Mr. Viola commented, “I am delighted to be part of the re-launch of this great American company, and look forward to working closely with Eastern’s board and management in guiding the growth of this charter airline.”

The new carrier is hiring pilots. Previously on June 30 the company issued this statement:

Eastern Air Lines Group, Inc. has announced it is now accepting pilot applications online. Eastern plans to begin operating Boeing 737- 800 aircraft from its Miami base, subject to US government regulatory approval.

“This is an exciting time in our industry and Eastern will be providing good flight crew jobs with great promotion potential as we grow with 737 Next Generation aircraft, and eventually the 737 MAX,” said Eastern’s Vice President of Flight Operations, Captain John Furneaux.

Eastern is hiring Line Pilots and Check Airmen. The airline will initially hire a cadre of ten Captains and then additional hires of 25 to 30 pilots. Favorable consideration will be given to pilots with Boeing 737 and 757/767 type ratings. The airline expects pilots will have an extraordinary opportunity to advance rapidly during Eastern’s growth phase.

In addition, Eastern will offer compensation packages comparable to those of similar airlines.

Minimum qualifications include:

Valid FAA ATP Certificate
Current FAA First Class Medical Certificate
Valid FCC Restricted Radio Telephone Operator Permit
Favorable background check, including PRIA records examination, criminal history records check and National Driver Registry check
Bachelor degree
Current passport and legal eligibility to work in the United States
Current US driver’s license
Captain flight time minimums:
7000 hours total fixed-wing PIC/SIC flight time
2000 hours fixed-wing, turbo jet, PIC flight time
First Officer flight time minimums:
3000 hours total fixed-wing PIC/SIC flight time
1000 hours fixed-wing, turbo jet and/or turbo prop, PIC flight time

In addition to pilots, Eastern is seeking to fill a variety of other positions listed on the Career Opportunities page of its website. Interested and qualified candidates are encouraged to apply online.

Image: Eastern Air Lines.

Eastern Airlines (1st) Slide Show: AG Slide Show

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1 thought on “The new Eastern announces a new major investor

  1. Jan Moester

    Hello Charles:

    I just can NOT understand that ANYONE would want to resurrect a name that has been gone for so long!

    Why?

    If you know why, let me know, lol!

    Jan

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