Bio.

Borman's retirement from the Air Force in 1970 did not end his aviation career. He became a special advisor to Eastern Airlines in early 1969 and in December 1970 was named Sr. Vice President-Operations Group.

He was promoted to Executive Vice President-Genera Operations Manager and was elected to Eastern's Board of Directors in July 1974. In May 1975 he was elected President and Chief Operating Officer. He was named Chief Executive Officer in December 1975 and became Chairman of the Board in December 1976.

During his tenure as Chief Executive Officer of Eastern, the airline industry went through an enormous change caused by deregulation. During this period Eastern originated several unique programs including profit sharing and wages tied to company profitability. These programs produced the four most profitable years in the company's history. A recalcitrant union forced their abandonment in 1983 and the resulting loses led to the sale of the airline to Texas Air Corporation. Colonel Borman retired from Eastern Airlines in June of 1986.

The major airlines have a wage and overhead structure that simply isn't sustainable.