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| '''Frank Lorenzo''' is a former ] executive | |||
| headed several airlines. | |||
| headed ]/], ] & ] among others | |||
| ⚫ | took Continental into ] in 1984 |
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| He headed, Texas Air, later ], ], ], ], and ]. | |||
| ⚫ | took Eastern into bankruptcy after attempts to reconfigure labor contracts there failed. |
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| ⚫ | took Continental into ] in 1984, in part because ] allowed for immediate cessation of binding union contracts. Continental emerged from bankruptcy as ] airline. The ] changed bankruptcy laws as a result. | ||
| banned from airline industry by ] in 1994? | |||
| ⚫ | He took Eastern into bankruptcy after attempts to reconfigure labor contracts there failed. Eastern ceased operations after parts were sold off in bankruptcy proceedings. He tried to found a new airline in ], but the ] did not allow him to do so. | ||
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Revision as of 04:47, 11 March 2004
Frank Lorenzo is a former airline industry executive headed several airlines.
He headed, Texas Air, later Texas International, Continental Airlines, New York Air, Frontier Airlines, and Eastern Airlines. took Continental into bankruptcy in 1984, in part because bankruptcy law allowed for immediate cessation of binding union contracts. Continental emerged from bankruptcy as non-union airline. The United States Congress changed bankruptcy laws as a result. He took Eastern into bankruptcy after attempts to reconfigure labor contracts there failed. Eastern ceased operations after parts were sold off in bankruptcy proceedings. He tried to found a new airline in 1993, but the United States Department of Transportation did not allow him to do so.
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