
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, March 30, 1990                   TAG: 9003300161
SECTION: BUSINESS                    PAGE: B4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

EASTERN CREDITORS PONDER LIQUIDATION

After almost a year of supporting Frank Lorenzo's plans to rebuild Eastern Airlines, the carrier's unsecured creditors are apparently running low on patience.

People close to the creditors' committee said Thursday it was considering actions that could lead to the liquidation of the airline unless Lorenzo upholds an earlier promise the creditors will be paid 50 cents on the dollar. On Tuesday, Eastern told the creditors it could no longer guarantee that level of payment. - The New York Times

by CNB