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1972 - November DOT Ord. & Dec. [1] (November, 1972)

handle is hein.usfed/dotod0674 and id is 1 raw text is: Qr~iery-l- UNITED STATES OF AMERICA CIVIL AERONAUTICS BOARD WASHINGTON, D.C. Adopted by the Civil Aeronautics Board at its office in Washington, D.C. on the 1st day of November, 1972 Application of CARIBBEAN ATLANTIC AIRLINES, INC. Docket 22691 AND EASTERN AIR LINES, INC. pertaining to the interim management agreement. ORDER On November 1, 1972, Eastern Air Lines, Inc. (Eastern) filed a telegram requesting exemption or other emergency authority which would enable Eastern's management team to continue to function under the interim manage- ment agreement between Eastern and Caribair. That agreement has been in effect since December 1970 and terminated without renewal on October 31, 1972. The agreement provided for the furnishing by Eastern of financial, technical, and management assistance and personnel for the operation and sustenance of Caribair pending final decision in the Eastern-Caribair Acquisition Case, Docket 22690. Eastern's telegram states that its re- quest was prompted by the Board's issuance in the Acquisition Case of Order 72-10-96, October 30, 1972, which established various procedures for further consideration of the acquisition application based upon the President's decision to return that matter to the Board. Eastern's telegram states that Caribair has asked that Eastern's management team continue to function under the management agreement past the October 31, 1972, termination so that the parties will have an oppor- tunity to obtain copies of, evaluate and react to the determination effected by Order 72-10-96. It further states that the Commonwealth of Puerto Rico has agreed to advance $100p00 immediately to meet the payroll forthcoming on November 3, 1972, and prevent the grounding of Caribair prior to the time that evaluation can be completed.

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