747400sp From United States of America, joined Aug 2003, 3999 posts, RR: 2 Posted (8 years 6 months 5 days 1 hour ago) and read 3566 times:
There was two times Eastern was going to buy Boeing 747s, but both time it did not work out. The first time was when they order 747 125 from Boeing, but cancel the order in favor of the Lockheed L1011 Tristar. They ended up just leasing 747 from Pan Am until the Tristar was delivered. The second time was when they was trying to start a MIA-LHR routes using ex-Qantas 747 238 with Pratt engines, there was even one with Eastern livery on it. But Eastern lost the route to Pan Am and started an MIA-LGW route with DC10-30s instead. I know all the 747 125 went to TWA and became 747 131 ( sadly one them was flight 800), and the two ex QF 747 238 end up in People Express fleet. What I am asking is, where are these planes today? Are they flying cargo around the world, in the bone yard or doing second hand passenger service? I always thought Eastern should have had 747s in there fleet, and any 747 that came close, I would like to know some information on it.
TomB From United States of America, joined Nov 2006, 84 posts, RR: 0
Reply 2, posted (8 years 6 months 4 days 20 hours ago) and read 3357 times:
Eastern sold the B-747's to TWA and ate the 7% Investment Tax Credit on the transaction.
Eastern was primarily a north - south carrier in the Eastern United States. The two primary high volume routes which could have used the B-747 capacity were JFK to Miami and JFK to San Juan, PR. However Miami was about a 1050 mile trip and San Juan about 1700 miles so those routes hardly utilized the range of the B-747.
After Eastern ordered the L-1011's, they made the B-747 redundant. In retrospect, it was the correct decision to sell the B-747's and not to try to operate a fleet of 4 aircraft.
The reason that Eastern leased some B-747's from Pan Am was that Floyd Hall, CEO of Eastern, was worried that if the competitors flew a B-747 on the JFK-MIA route and Eastern could only counter with a DC-8 until the L-1011's were delivered, Eastern's market image would suffer. Maybe it helped Eastern's market image but economically it was not a good decision.