Editing Eastern Air Lines (section)

==== Sale to Texas Air ====
Unable to keep up, Borman agreed to the sale of the airline in 1986 to [[Texas Air]], led by [[Frank Lorenzo]], which had already purchased [[Continental Airlines]] and lost a bidding war for TWA to [[Carl Icahn]].

In February 1987, the [[Federal Aviation Administration]] imposed a $9.5 million fine against Eastern Air Lines for safety violations,<ref>"[http://www.encyclopedia.com/doc/1P2-7998449.html EASTERN WILL PAY $9.5M FINE]". ''[[Associated Press]]'', Washington D.C., February 11, 1987. Retrieved on March 16, 2010</ref> which was the largest fine assessed against an airline until [[American Airlines]] was fined $24.2 million in 2010.<ref>"[https://www.reuters.com/article/idUSTRE67P3TU20100826 Record $24.2 million fine proposed for American Airlines]". ''[[Reuters]]'', Washington D.C., August 26, 2010. Retrieved on August 26, 2010</ref> Eastern's FAA violations all occurred prior to the acquisition by Texas Air.

In 1988, Phil Bakes, the president of Eastern Air Lines, announced plans to lay off 4,000 employees and eliminate and reduce service to airports in the [[Western United States]]; he said that the airline was going "back to our roots" in the East. At the time, Eastern was the largest corporate employer in the Miami area and remained so after the cuts. John Nordheimer wrote in ''The New York Times'' that Eastern's prominence in the Miami area decreased as the city became a finance and trade center with a diversified local economy, instead of one based largely on [[tourism]].<ref>Nordheimer, John. "[https://www.nytimes.com/1988/07/24/us/cuts-by-eastern-shaking-miami-in-many-ways.html Cuts by Eastern Shaking Miami In Many Ways]". ''[[The New York Times]]''. Sunday July 24, 1988. New York Edition Section 1, Page 14. Retrieved on August 28, 2009.</ref>