BACK TO YOU, FRANK.

This article reports on the collapse of capitalist Peter V. Ueberroth's plan to buy Eastern from Frank Lorenzo's Texas Air Corp, as of April 1989. The deal, Ueberroth explained, had foundered on the union's insistence that Texas Air immediately hand control of Eastern over to a court-appointed trustee--a condition rejected by Lorenzo. Eastern president Philip J. Bakes vowed to press on with a new plan of rebuilding a smaller Eastern Air Lines. Sources within Ueberroth's group say they still hope of taking control of the airline someday. They suggest that Lifland might eventually appoint a trustee after Lorenzo has a chance to present his case in a court hearing on the trustee question. By that time, they suggest, the airline's situation would be that much bleaker and the carrier might be gotten that much cheaper.