Directors of Eastern and American Airlines Approve Merger
Jan. 23, 1962 - The directors of American Airlines and Eastern Air Lines approved today the merger of their systems into the world’s biggest airline. The merger must be approved by the stockholders of both companies and by the Civil Aeronautics Board. The proposed consolidation is expected to provoke strong opposition from Congress, labor, and other airlines. Senator A.S. Mike Monroney, Democrat of Oklahoma and chairman of the Senate Aviation subcommittee, said today: “I cann