Eastern Airlines: A Flight to Bankruptcy | Corporate Casket
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Blair Zoń
4.4 • 961 Ratings
🗓️ 11 August 2021
⏱️ 36 minutes
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| 0:00.0 | Hello and welcome to the corporate casket, a semi-weekly series where bad businesses go to die. |
| 0:08.3 | We will discuss any and everything from bad charities, terrible CEOs, and people that have a lot to hide. |
| 0:14.3 | Now today's episode is both a corporate casket and in a way a prism of the past too. We're going to be talking |
| 0:24.4 | about Eastern Airlines today. Their growth throughout their jet age, the controversy surrounding |
| 0:29.3 | them, and the new Eastern Airlines has been restarted in the past couple of years. |
| 0:35.1 | Airlines rise, falls, crashes, all that stuff are really, really interesting things to me, |
| 0:39.3 | so I'm happy that I was able to bring some of it to the channel finally. |
| 0:43.0 | So with all of that being said, let's get into Eastern Airlines very unique and complicated |
| 0:47.6 | history. |
| 0:49.3 | The history of Eastern begins in the 1920s when it was founded under a different name, Pitcairn Airlines, a young engineer Harold F. Pitcairn was developing an interest in aviation. |
| 1:00.0 | He started off as an apprentice with the Curtis Aeroplane and Motor Company, and eventually |
| 1:05.6 | toward the end of the First World War began his flight training. |
| 1:09.6 | Around 1924, he established the Pitcairn Flying School and Passenger Service and grew a thriving mail service business. Around the same time, Juan de Siavera, a Spanish aeronautical engineer, had developed the articulated articulated motor resulting in the world's first |
| 1:24.9 | successful flight of a rotary wing aircraft. |
| 1:28.0 | He continued to refine his invention and in 1926 founded the Sierra Auto Grio Company. |
| 1:35.0 | A couple years later, Wannen Harold's paths collided as Harold became fascinated with |
| 1:39.8 | Otto Grios and the idea of vertical flight. |
| 1:42.4 | Otto Grios are a bit different from what you might and the idea of vertical flight. |
| 1:42.8 | Arogyos are a bit different from what you might picture when you think of a normal |
| 1:46.2 | plane. |
| 1:47.2 | As one source explains, Siava knew that an airplane wing provides lift, but only as it moves forward through the air. |
| 1:54.9 | He wondered if a rotating wing circling freely over a conventional aircraft would also confer |
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