AIRLINES

Eastern Payout Plan OKd; Remaining Assets to Be Sold: Eastern Airlines’ effort to resuscitate itself is officially dead with a federal bankruptcy judge’s approval of the plan to sell the defunct carrier’s remaining assets. Eastern trustee Martin Shugrue had sought to raise $100 million to use planes and other assets to restart Eastern. Among the assets to be sold is the Eastern name. The plan will pay creditors pennies on the dollar in addition to $1 billion already paid to Eastern retirees, employees and secured creditors. Creditors who had claims on Eastern assets, however, are to get 100% of their claims. Eastern stopped flying Jan. 18, 1991, nearly two years after entering bankruptcy proceedings.