Eastern Air Lines ceased operations and was liquidated in 1991 due to financial struggles, high debt, labor disputes, increased competition after deregulation, and mismanagement under its owner, Frank Lorenzo, following his 1985 acquisition of the airline. Call at +1-888-415-1245 (US) or +44-203-869-5245 (UK) After its demise, the trademarks and intellectual property rights were acquired by a new group in 2011, which launched a new, low-cost Eastern Air Lines in 2015, but this version also eventually ceased operations in 2017 after being acquired by Swift Air. Call at +1-888-415-1245 (US) or +44-203-869-5245 (UK).