European Stars and Stripes (Newspaper) - May 15, 1989, Darmstadt, Hesse Page 20 the stars and stripes monday May 15.1989 offer made on Eastern airlines today s crossword by the new York times an investment group headed by Joseph Ritchie a Chicago options trader on saturday submitted a proposal to buy Eastern airlines. Conversion rates London up Friday s closing rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold a oxi Teo an Oune u77 25. Emf ii $5 h. British xxx diff a flt sex 2T?ls� Swiss a font a ref fact Tea turkish a. Porto new escudo austrian in feuding. Non qty Stone ,. Dunh Krone Clyll _16655. I9i?0 64625 _. 2 153540 ?0 1.394 go i Tow-162.102.04960, 11875 in 157 50 1 1640 _ 13400 T 8 May 12 1661519059 64820 21589 39981.397 50 17055 16270 2.049 0 11910 1581011875 13 472s 69340 7452s these Are unofficial rates As re ported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.89 through tuesday based on the noontime Price fixing Friday. Monday is a German holi Day. Temperatures the plan would put Frank c. Carlucci the former defense Secre tary temporarily in charge of the troubled Carrier. It is the second recent bid for the airline which has been virtually rounded since a strike by the inter National association of machinists began on March 4. Eastern then filed for Protection from creditors under Federal bankruptcy Laws on March 9. In an interview Ritchie declined to provide the size of his offer or other details of the bid. He said his offer would give Eastern s unions a greater stake in the airline than did the previous bid by a group headed by Peter v. Ueberroth the former baseball commissioner. The Ueberroth group had offered Eastern s unions a 30 percent stake in the airline in Exchange for s210 million in wage concessions. Ritchie said that his bid also called for some wage concessions but he would not specify How much. The Ritchie bid came after the group won an Extension of a wednesday deadline for bids set by a Federal judge. In addition to Carlucci Ritchie who is the head of the Chicago re search and trading group is being aided by Joseph w. Wright a for Mer director of the office of management and budget. Both Carlucci and Wright Are affiliated with the Carlyle group a Washington investment firm. People familiar with the talks said the unions had been receptive to the idea of a Ritchie bid. In the interview Ritchie said the key to almost any business is the people. Eastern did horrific Job with it. But working with people is our specially and we want to apply it at sticking Point in Ritchie s bid May be the Sale of Eastern s northeastern shuttle its most prize asset. On wednesday Amer Ica West airlines submitted a bid for $415 million for the shuttle tapping a previous $365 million bid by Developer Donald j. Trump. European weather Fec Tel if my my Tiv with a fit Mamma fog and tango i la. Becoming Purtty a Jour with to Altif dense too or Mil Hufi Tempe he us Hurt 41-4s Sael Moid 90s. Turki Tuncay $38 Outlook few tue Una wily Goudy with Tyty a Witting look y Dame fog nil itts Moon Hart. We Tai in of become curvy Tong coastal Anas by noon highs 65 68. Of cart 43 47. 55 91 Copenhagen p 48 61 i Anim. P 66 84 undone59 68 marm. I 48 63 1001. E 41 61 pans c 63 Rome p 4am 4pm 45 5746 57 50 6350 72ss 61 72 13, 2nd Weith Wing. Titow to bad of. T . C Ike. 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