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FORMER CONTINENTAL CEO SAYS LORENZO 'NOT FIT' TO RUN AIRLINE

 WASHINGTON, Nov. 2 /PRNewswire/ -- D. Joseph Corr, former CEO of Continental Airlines, in an affidavit filed with the U.S. Department of Transportation (DOT), charges Frank Lorenzo "is not fit or qualified to operate an airline."
 Corr further stated that in his close dealings with Lorenzo, he found him to be "inattentive to matters of safety, dishonest in his dealings with both employees and management, disruptive of the smooth operation of a corporation and generally unqualified to carry out the duties with which he had been charged."
 In a five-page document, Corr cites specific examples of Lorenzo's misdeeds at both Continental and Eastern Airlines and states Lorenzo was "rarely inclined to live up to contracts or agreements he viewed to be disadvantageous" and "seemed to believe that honesty and integrity were signs of weakness rather than virtues necessary for the effective management of an organization."
 DOT is currently conducting "fitness hearings" to determine whether Lorenzo should be granted authorization to begin operating a new airline out of Baltimore/Washington International Airport.
 At the time Corr was CEO at Continental, Lorenzo was chairman and CEO of Texas Air Corp., which owned Continental.
 International Association of Machinists (IAM) President George Kourpias praised Corr for coming forward with the truth about Lorenzo and said, "Mr. Corr resigned from Continental, rather than continue to take directions from a man with no business scruples.
 "Can anyone still wonder why nearly 9,000 IAM members chose to strike Lorenzo at Eastern Airlines rather than suffer his abusive and destructive management style? Bravo, Mr. Corr, for affirming what IAM members have known all along -- Frank Lorenzo is indeed unfit to run an airline."
 -0- 11/2/93
 /CONTACT: Joe Guerrieri of the International Association of Machinists, 202-624-7400/


CO: Continental Airlines; U.S. Department of Transportation;
 Eastern Airlines; International Association of Machinists ST: District of Columbia IN: AIR SU:


MH-DC -- DC012 -- 3010 11/02/93 11:13 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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