Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Eastern Air Lines Incorporated Deal - Lehman Brothers Collection

Eastern Air Lines Incorporated

Company DealEastern Air Lines, Inc.: $22,000,000 5 3/8% convertible junior subordinated notes due December 1, 1983
Transaction TypePromissory Notes /|Promissory Notes /|Convertible Junior Subordinated Notes
Deal DescriptionEastern Air Lines Incorporated used the proceeds from this transaction, together with borrowings from banks and insurance companies and the leasing of aircraft from manufacturers, to accomplish a major equipment program involving forty Boeing 727 jet aircraft. This equipment completed the transition of its fleet from piston to jet-powered equipment on all of its medium- and long-range routes and enabled the company to regain its competitive position in its markets.
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