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.: 2,000,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionEastern Air Lines, Inc., added the net proceeds from this transaction to its general corporate funds, to be used for general corporate purposes, including the acquisition of aircraft. The company had adopted a goal of operating a jet fleet consisting solely of Lockheed L-1011, Boeing 727, and McDonnell Douglas DC-9 aircraft by the end of 1973. Consistent with that program, the company had agreed to purchase 37 Lockheed aircraft and 15 Boeing aircraft.
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