Eastern Air Lines
In early 1969, Borman became a special advisor to Eastern Airlines and after retiring from NASA and the U.S. Air Force in 1970, he was made Senior Vice President-Operations Group at the airline company. He was later promoted to Executive Vice President-General Operations Manager and was elected to Eastern Airlines's Board of Directors in July 1974. In May 1975, Borman was elected President and Chief Operating Officer. He was named Chief Executive Officer of Eastern Airlines in December 1975 and became Chairman of the Board in December 1976.
After Borman became Eastern Airlines's CEO, it went through the four most profitable years in the company's history. However, in 1983, contentious battles with labor unions, particularly the International Association of Machinists and Aerospace Workers (IAM) led the company to abandon several profitable programs and the resulting loses led to the sale of the airline to Texas Air Corporation, headed by Frank Lorenzo. Borman retired from Eastern Airlines in June of 1986. An IAM strike and intransigence by the IAM Union forced Eastern into bankruptcy in 1989, followed by liquidation in 1991.
Read more about this topic: Frank Borman
Famous quotes containing the words eastern, air and/or lines:
“Your Beauty, ripe, and calm, and fresh,
As Eastern Summers are,
Must now, forsaking Time and Flesh,
Add light to some small Star.”
—Sir William Davenant (1606–1668)
“I date the end of the old republic and the birth of the empire to the invention, in the late thirties, of air conditioning. Before air conditioning, Washington was deserted from mid-June to September.... But after air conditioning and the Second World War arrived, more or less at the same time, Congress sits and sits while the presidents—or at least their staffs—never stop making mischief.”
—Gore Vidal (b. 1925)
“I am so tired of taking to others
translating my life for the deaf, the blind,
the “I really want to know what your life is like without giving up any of my privileges
to live it” white women
the “I want to live my white life with Third World women’s style and keep my skin
class privileges” dykes”
—Lorraine Bethel, African American lesbian feminist poet. “What Chou Mean We, White Girl?” Lines 49-54 (1979)