Viewing page 44 of 116

This transcription has been completed. Contact us with corrections.

- 43 -

base assets of the acquired company at book value only. Nothing in the record in this proceeding warrants a departure from that policy. Furthermore, the Board already has concluded that the acquisition of Colonial by Eastern would result in a reduction in subsidy which, in turn would relieve the public of its burden to that extent. Accordingly, it must be concluded that the public would not be adversely affected by the acquisition.

In view of the foregoing, it is concluded that the Eastern-Colonial agreement is not adverse to the public interest.

Labor Protective Provisions - Having concluded that the agreement is not adverse to the public interest, it remains to be determined what labor provisions should be attached to the approval of the agreement. As heretofore stated, IAM requests imposition of labor protective provisions similar to those imposed in the Slick-Flying Tiger Merger Case, supra. ALPA requests imposition of the similar provisions subject to certain modifications. Eastern does not oppose the imposition of the labor protective provisions such as were imposed in the Slick-Flying Tiger Merger Case, but it does oppose the imposition of any novel provisions not previously contained in the Board's decision. 

The ALPA suggests amendments to the labor protective provisions appended to the approval of the Slick-Flying Tiger Merger Case as