Eastern Will Keep Latin American Routes
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From Associated Press
NEW YORK — Eastern Airlines said Thursday that it has abandoned an earlier plan to sell its Latin American routes, which means the strikebound carrier will have about $370 million less in cash by year-end than first projected.
But Rolf Andresen, Eastern’s vice president of finance, insisted that the cash balance of nearly $400 million now expected to be available for operating and paying debts is “an amount that’s very adequate for our needs.”
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