Investors plan new Eastern Air Lines in US

[MIAMI] A group of investors, betting the long-shuttered Eastern Air Lines' logo and other trademarks will jump-start a new airline of the same name, last week filed applications with the US Department of Transportation, hoping to get off the ground in about a year.

The patent on Eastern Air Lines' name and logo was one of the last assets remaining in the now-defunct carrier's estate, said president and chief executive Edward Wegel.

The new Eastern will operate as a charter "for other airlines that have scheduling issues or aircraft issues and need additional craft or for tour operators who want to increase their lift into the Caribbean into the United States", Mr Wegel said.