Eastern Air Lines was a composite of assorted air travel corporations, including Florida Airways and Pitcairn Aviation, the latter established in 1926. In 1929 Clement Keys, the owner of North American Aviation, purchased Pitcairn. In 1930 Keys changed the company’s name to Eastern Air Transport, soon to be known as Eastern Air Lines. For a time, Eastern was the most profitable airline in the post-war era. In 1982 Eastern acquired Braniff’s South American route network. By 1985 Eastern was the largest IATA airline in terms of passengers enplaned, and operated in 26 countries on three continents. Eastern began losing money as it faced competition from no-frills airlines. Unable to keep up, the sale of the airline in 1986 to Texas Air was agreed. The airline stopped flying in 1991.
Source: Wikipedia
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