Eastern Air Lines was a composite of assorted air travel corporations, including Florida Airways and Pitcairn Aviation, the latter of which was established on April 19, 1926, by Harold Frederick Pitcairn, son of Pittsburgh Plate Glass founder John Pitcairn, Jr.[citation needed]
In the late 1920s, Pitcairn Aviation won a government contract to fly mail between New York City and Atlanta, Georgia, using Mailwing single-engine aircraft. In 1929 Clement Keys, the owner of North American Aviation, purchased Pitcairn. In 1930, Keyshttp://maingearforums.com/
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In 1938, the airline was purchased by World War I flying ace Eddie Rickenbacker from General Motors. This very complex deal was concluded when Rickenbacker presented Alfred P. Sloan with a certified check for $3.5 million. Rickenbacker pushed Eastern into a period of prodigious growth and innovation. For a time, Eastern was the most profitable airline in the post-war era, never needing state subsidy. In the late 1950s, Eastern's position was eroded by state subsidies to rival airlines, increasing industry regulation and the arrival of the jet age. Rickenbacker's position as CEO was taken over by Malcolm A. MacIntyre, 'a brilliant lawyer but a man inexperienced in airline operations'.[3] on October 1, 1959. His ouster was due largely to his reluctance to acquire jets, feeling that they were unnecessary and expensive
