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European company buying Eastern Airlines?

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European company buying Eastern Airlines?

Old 31st Dec 2018, 10:55
  #1 (permalink)  
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Join Date: Jul 2014
Location: U.S.A.
Age: 60
Posts: 33
European company buying Eastern Airlines?

Hi, Good Morning.
Rumor goes that an European company is buying:
Eastern Airlines,
Swift Airline
Miami Tech. (Maintenance Provider)

Any tip about.?

Thanks
Mecaniquito84 is offline  
Old 31st Dec 2018, 13:56
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Join Date: Nov 2007
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A foreign entity can not have controlling interest in a US air carrier. If it's publicly traded they can own up to 49 percent of the stock, a' la DHL and Polar Air Cargo. As best I can see Swift is privately held. They could have a foreign partner invest in them but could not be sold to a foreigner. I do not know if the same restrictions apply to maintenance providers.
MarkerInbound is offline  
Old 4th Jan 2019, 12:30
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Good Morning: Still rumor goes strong, about a “group of inversors”, mostly Europeans that include a Chinese, and that current Account Manager will keep in place at least during 2019 due to his bussiness’ Relantioship.I repeat, it is a rumor.

Rgds
Mecaniquito84 is offline  
Old 4th Jan 2019, 20:50
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I believe of that whole mess, the only AOC that's still active is Swift.
flyboyike is offline  
Old 24th Aug 2019, 11:30
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Join Date: Feb 2004
Location: USA
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The latest info ?:

https://airwaysmag.com/airlines/east...-3-comes-back/
bafanguy is offline  
Old 30th Aug 2019, 02:13
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Join Date: Aug 2019
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Any info when will they start hiring?
Capt_T is offline  
Old 30th Aug 2019, 22:22
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Join Date: Sep 2008
Location: Been around the block
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Swift is always looking for a warm body.
4runner is offline  

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