Category: Braniff Flight 250
Remembering Bill Schock on his 100th birthday … and the 52nd anniversary of Braniff 250 in Falls City. Also …
The story is sordid and long, but the details were made clear by Matt Viser’s excellent Globe piece. To wit: Lorenzo sold the Donald the Eastern Shuttle for an overvalued $365 million (if DT had created a brand-new shuttle from the ground up with brand-new planes, not old worn-out 727s, estimates were that he could have done it for $300 million.) Of course, the money was all borrowed. It was 1989; Eastern (and Continental) were already almost dead from Lorenzo’s sledgehammer and the economy was tanking. Pan Am 103 was bombed, the first Gulf War was about to begin. It was incredibly bad judgement to overpay a bunch of other peoples’ money for something that was guaranteed to tank.
Just some housekeeping: For those of you I met in Falls City, I'm posting this link in case I've missed
Just a note to any of your wonderful Falls City people who were so gracious to order the book, it's
<Aw shucks, blow my own horn time> I greatly appreciate all the orders for the book. If anyone else wants