TRUMP LOWERS OFFER FOR EASTERN SHUTTLE
NEW YORK — Real-estate magnate Donald Trump said this week he is no longer willing to pay $365 million for the Eastern Airlines shuttle, citing the labor problems that have largely grounded the financially troubled air carrier. He said he wants to cut the price by more than one-third. There was no immediate response from Texas Air Corporation, Eastern's Houston-based parent company.
In a letter to Frank Lorenzo, the head of Texas Air, Mr. Trump said, ``The shuttle has become an entirely different business in that its market share and customer base may be lost for some time to come, if not forever.''