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USA TODAY, Front Page
Sat./Sun., January 19-20 1991
Eastern Airlines Calls It Quits
By Doug Carroll
Eastern Airlines, strapped for cash and passengers, has shut down. All flights were canceled as of midnight EST Friday, company officials said.
American Airlines says it will honor all Eastern tickets. American already has filed with the Transportation Department to operate Eastern's Miami-Toronto and New York-Montreal routes.
Eastern, in bankruptcy reorganization since March 1989, is the biggest airline to go bust in U.S. aviation history. It now is likely to be sold in pieces in order to pay creditors.
Rumors flew this week that Eastern was close to death, but trustee Martin Shugrue said he was negotiating with investors.
The rumors intensified Friday when newsletter Aviation Daily issued a news release stating that Eastern would cease operations within hours.
Photo © Sunbird Photos by Don Boyd