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1972 - May DOT Ord. & Dec. [1] (May, 1972)

handle is hein.usfed/dotod0668 and id is 1 raw text is: Order 72-5-1 UNITED STATES OF AMERICA CIVIL AERONAUTICS BOARD WASHINGTON, D. C. Adopted by the Civil Aeronautics Board at its office in Washington, D. C. on the 1st day of May, 1972 Application of CARIBBEAN-ATLANTIC AIRLINES, INC. AND Docket 22691 EASTERN AIR LINES, INC. for approval of extension of the Interim Management Agreement. ORDER EXTENDING APPROVAL Caribbean-Atlantic Airlines, Inc. (Caribair) and Eastern Air Lines, Inc. (Eastern) jointly request approval, under section 412 of the Federal Aviation Act of 1958, as amended, (the Act) of an amend- ment to the Interim Management Agreement between Caribair and Eastern 1/ extending the effective date of such agreement to May 31, 1972. 2/ In addition, the applicants request concomitant extension of the Board's approval under section 408 of the Act of the temporary acqui- sition of control of Caribair by Eastern as a result of the terms of the agreement during the same period. The parties allege that further extension of the agreement, under which Eastern furnishes Caribair with financial, technical and management assistance and personnel, is the only means by which the 1/ Approved by Order 70-11-142, November 27, 1970. 2/ The Interim Management Agreement was scheduled to expire, by its own terms, on June 30, 1971. At the request of the applicantsamend- ments to the agreement extending it from June 30, 1971 to September 30, 1971, and by month thereafter,were approved by Orders 71-6-145, June 29, 1971; 71-10-2, October 1, 1971; 71-11-7, November 1, 1971; 71-12-5, December 1, 1971; 72-1-1, January 3, 1972, 72-1-107; January 31, 1972; 72-3-8, March 3, 1972 and 72-3-115, March 31, 1972.