Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Eastern Air Lines Corp., the defunct Miami-based carrier that has spent 10 years in bankruptcy court, has sold off assets in a series of transactions that all but ensure the company will live on for some time –a move that concerns some of the parties in the case.

John Sicilian, who is in charge of liquidating the remains of the company, recently sold two of Eastern’s operating units –both of them call centers –along with a stake it had in another company, for more than $13 million in cash, stocks and warrants. By taking a combination of cash and stock, the deals tie the payoff Eastern’s 700 creditors ultimately get to the fate of the acquiring companies. If the companies do well, so does Eastern. But the future of the acquiring companies is far from certain.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.