Swift Air to Acquire Eastern Air Lines

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Swift Air to Acquire Eastern Air Lines

Postby Greg on Tue Jun 20, 2017 7:33 am

Charter airline Swift Air will acquire Eastern Airlines, according to an internal email sent to Eastern employees from CEO James Tolzien. The iconic resurrected Eastern Airlines brand is expected to remain and replace the Swift Air brand, however.

The New Eastern, which began operations in May 2015 operating charter flights for sports teams and to Cuba, has been facing financial challenges in recent months. As a result, billionaire and primary investor Vincent Viola has been trying to find a buyer for the beleaguered carrier with the Swift acquisition or a shutdown, becoming a constant rumor.

Eastern has 20 Mitsubishi MRJ-90s and 10 Boeing 737-MAX 8’s on order. The status of these is unclear.

Swift Air, based in Phoenix, has been operating for nearly 20 years. The relatively low key carrier operates charter flights for major professional sports teams and tour operators with a fleet of 13 Boeing 737-300s and 400s.
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