The Nation - News from Jan. 27, 1986
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Eastern Airlines and the pilots’ union broke off intensive talks Sunday evening, triggering a 30-day cooling-off period that will end three days before a deadline set by the debt-ridden airline’s lenders, officials said. Eastern owes $2.5 billion, including $581 million to lenders who have set a Feb. 28 deadline for the airline to sign wage and work rule agreements containing concessions from its three labor unions. The lenders have required ratification of the agreements by the end of March.
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