European Stars And Stripes (Newspaper) - February 26, 1986, Darmstadt, Hesse                                Stars and stripes wednesday february 26, 1986page 2 it j Texas air to take Over Eastern airlines a Eastern airlines faced with   announced Early monday thai it will be taken  based Texas air corp.,which already operates co Nimai i airlines and new York air. Mrtj.,Eastern, facing a Midnight sunday deadline. The Purchase offer about which in would reveal no detail blamed an uncooperative Union fur forcing the Sale East can s chairman prank Borman said in a news  spokesman Glenn Parsons said details would be announced at a news conference Jator  decision to sell the Carrier which faced looming strike deadlines and threats of being declared in default on some Loans by major creditors followed a meeting of East can s directors at which icy considered an offer mad Friday by Texas air Parsons said. There is tremendous potential in this a make Eastern a much stronger and More cat line Borman said. There is no Quisti Moinat the Sale Wasin the Best interests of our  shareholders. The Only alternative  to file for Protection under chapter Lap fac Federal bankruptcy Law which was an Unarce Nie  a circa my pilots and flight attendants agreed to labor Cobaj Virions demanded by major creditors of thei owes about $2.5 billion Borman said. But the International association of machinists would not agree to consider any Cost Relief for the airline whatsoever he said. Because of the refusal by Charles Bryan president of District 100 of the 1am, to take appropriate action the it Board of directors had no Choice but to agree to the Sale rid Lac Tot Genu the  Borman said. Ain coca delail5rms.1nrypurry, head of the air line Pilhuj blk Alion Snow Lifs Weyd a signed contract la i �fi5lcrn. However in was in Cfaft Jewr  would Honor the agreement  Eastern  i strike deadline and a Tarakj might attendant  while  to put the airline of tumult an assets if it did not obtain labor conc so 28.the Pace of talks with the unions seeded up sunday As Eastern s Board of directors convened a special meeting to consider a substantial Cash offer from a then unidentified  Dallas morning news reported monday that Texas air had offered to buy Eastern for As much As $670 Mil lion in Cash and securities. Wolg Channel 10 in Miami reported late sunday Thad obtained a copy of a proposed merger agreement Between Texas air and Eastern airlines that offers Stock holders $10 a share for Eastern Stock a pilots Union official who spoke on condition of anonymity said Borman had the airline since to find a buyer for a said that Borman Asp including trans world air lines Northwest Orient us air and the. Arriott corp., but received no interest until he spoke with Texas air chairman Frank Lorenzo through an intermediary. There was no answer sunday at Lorenzo s Houston office nor at a Texas air spokesman s Home or office. Messages asking for comment were left by the associate press on an answering machine but were not returned. Under Lorenzo s leadership. Continental filed for Protection from creditors under chapter 11 of the Federal bankruptcy act in 1983, and a bankruptcy judge  to throw out its Union contracts and Cut wages Inhar taste in 1985,  to buy Twa two of the airline s unions gave up Jib Imi in concessions to Stop him from taking Over. Though stripped Dow remains in chapter ii but Hopes to Continental and its Parent company both earned highest Cvar annual profits in 1985, despite fourth Quarter losses for both companies. Texas air reported a $90.98 million profit for 1985 an Continental made $60.9 million. News update return to clinic ordered Endon a the marquess of  son of the Duke of Marlborough Juja Graor whew of sir Winston Churchill hasten allow to continue bail on cocaine charge hand Ord Rcd pc to a drug dependency  3wcar-old marquess whose family tame is James spa car Churchill appeared a Fly wit four other pole in a London court Fojt renewal of his 10,000-Pmnd $14,300  Marque has been at the cling since he was released feb. Wrom five weeks Ina judge Canby Spencer Chu Fiill a common criminal had Jok him for brining a two year probation order Irao cd last Afan on conviction of burglary and posses us hero the is to be tried Orch 20 f cocaine charges. Heart attack Fred Glenn Richard an Anderson the Asso to was kidnapped incas suffered a heart Washington Derson jr., brother of Cia cd press Bureau a Beirut Lebanon a attack his sister Peggy say of Batik a  has been one of the leaders in Sec kalg to Sec us the release of the seven american Jos Lagos in Obanon said her brother suffered Juhe symptoms a heart attack during her Ralhf s funeral in Bat Glenn Andeson or. Died of Cam Dos Side Leader free Seoul jul police released of ident Leader Kim Djung from House arrest 1 Lys after a petition often pain seeking direct Percsi Dutia elections spa cd a crackdown on opponents presi Dent a fun Doo  arrest order was lifted tap hone lines be connected and the situation Sec of Bere Luping to Normal an aide said. It 300 riot police posted around the removed along with barricades on ithe aide said. The detention was the Ninee Kim returned in 1985 from two years of Airport expansion Gibraltar a civil aviation  from i Britain and Gibraltar plan to to talks Here Obj a 1 to discuss allowing  to the British Coiny s commercial air Ojune Spanish inde pendent new gency Europa to fms reported Europa pres quoted Unn Decd Gibraltar govern ment sources slaying a gals hoped to reach a Accord that would Vas Spanish civilian aircraft Access to the autice the 2.2 Square mile Lime Stone Rock  airways to use Spanish air pipe Gibraltar chief minister St Joshua Hassan has said Deurno objection to Span i planes Landing at gig Ilter if the Converse is Ace " officials were also to discuss Coo Perjon on the expansion of the Gibraltar Airport and the buying of separate terminals to handles pain bound and " tar bound passengers Europa press said. Soviets shrug off Reagan proposal 3w up the soviet Union monday dismissed the atom inns proposal by president Reagan As a propaganda  previous .  sent  Leader Mikhail Gorba Chev on the weekend info ply Uthe Kremlin s Jan. Disarms proposal calling for  weapons by the end of the Century judging by first press reports the reply i farther than repeating the Well known . Non constr live stand in this matter which is of major importance to the destiny of the world the official Tass news said. The reply constitutes a propaganda a risk pm de signed to justify Washington s unwilling tit to take real Steps along the lines of ridding the Rifle of the threat of nuclear annihilation toss sai3 Reagan s response  the aim of diverting attention from the Sapir proposals and of justifying the .  toward furthering the spiral ing arms Racey Musaid. A wjjite1tousc spokesman said Reagan had  medium Range missiles from Europe and Asia Over the next three years. However the president rejected freeze on British and French nuclear forces. Reagan s letter was described As Verand includes a reaffirmation of  trait rent to the anti ballistic missile Tea Toj a will As a proposal to abolish chemical . The inlerms&0f&nk weapons in Reagan s  the soviet ss-20 missiles targeted at Ope and in Asia and the . Pershing ii and Nis Silas based in Western Europe. A so Moncial said in an interview that the introduction of  would also draw in the question of . Forces a fuming the Eastern part of the soviet Union such As those  and Japan. Gorbachev had proposed a i is of negotiations that would reduced arms in stages  weapons Are destroyed by the year 2000. Despite the fact that the . Side h Flo pit much time to prepare its reply the reply itself is ran and by its scope does not compare in any Way Fitt the comprehensive All embracing nuclear disarmament pro Gram put Forward by the soviet Union Tass said. Standing beside is cab Naples tax Del t Antonio Amato display � plaque Giren him by the a nary Navy i of finds a Friend in old 2646 Naples Italy Antonio Amato has been a taxicab River for 32 Yean. He talks of Bis cab no. 2646 As if it were a member of his family. He Speaks of Amer Cansas if they were his own countrymen. He was honoured Friday As a special Friend of the  for returning a Navy Pilot s Wallet that he found in the Back seat of his cab. When i opened the Wallet there was $250 and a lot of important looking papers id card and credit cards Amato said. I know in Italy if you lose these lands of documents that it can take years to replace so i took the Wallet immediately to my  Navy officials traced the Wallet to Leonard Merrima Nhi. Who bad been assigned to a detachment aboard the Carrier Coral sea when he lost the Wallet in  informed that his Wallet had been found Merriman who has since transferred to the states asked that a re Ward of $ 150 be Given Amato