Eastern Airlines said it is seeking a...

Eastern Airlines said it is seeking a relaxation of financial performance requirements attached to $300 million in debt. The airline, a subsidiary of Texas Air Corp., said the company could be declared in default if its banks do not grant the request. It said in a Securities and Exchange Commission filing that it “believes it will obtain the necessary waivers from its lenders.” An Eastern spokesman said company officials would meet with its lenders, a consortium of European banks, on Friday to discuss how financial standards could be renegotiated.