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Mecaniquito84

31st Dec 2018 10:55

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

MarkerInbound

31st Dec 2018 13:56

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.

Mecaniquito84

4th Jan 2019 12:30

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

flyboyike

4th Jan 2019 20:50

I believe of that whole mess, the only AOC that's still active is Swift.

bafanguy

24th Aug 2019 11:30

The latest info ?:

https://airwaysmag.com/airlines/east...-3-comes-back/

Capt_T

30th Aug 2019 02:13

Any info when will they start hiring?

4runner

30th Aug 2019 22:22

Swift is always looking for a warm body.

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