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Revision as of 21:21, 6 February 2004 by 67.153.106.74 (talk) (banned airline industry executive)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)fromer airline industry executive headed Texas International/Texas Air, Continental & Eastern among others 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. Congress changed bankruptcy laws as a result. took Eastern into bankruptcy after attempts to reconfigure labor contracts there failed. Eastern ceased operations after parts were sold off in bankruptcy proceedings. banned from airline industry by FAA in 1994?