▁the ▁near ▁collapse ▁of ▁E J A ▁in ▁ 1 9 7 0 . ▁The ▁company ' s ▁credit ors ▁react ed ▁by ▁demand ing ▁the ▁removal ▁of ▁L ass iter ▁as ▁president . ▁ ▁On ▁July ▁ 2 , ▁ 1 9 7 0 , ▁Sund l un ▁was ▁installed ▁as ▁E J A ▁president , ▁and ▁he ▁set ▁out ▁to ▁re build ▁the ▁company . ▁Under ▁his ▁leadership , ▁the ▁big ▁j ets ▁were ▁sold ▁and ▁he ▁brought ▁the ▁company ▁into ▁the ▁black . ▁In ▁the ▁process , ▁Sund l un , ▁Robert ▁Lee ▁Scott , ▁Jr . ▁and ▁Joseph ▁Sam u els ▁" D ody " ▁S inc la ir , ▁grand son ▁of ▁one ▁of ▁the ▁found ers ▁of ▁The ▁Out let ▁Company ▁of ▁Prov idence , ▁borrow ed ▁$ 1 . 2 5 ▁million ▁from ▁the ▁Indust rial ▁Trust ▁Company ▁of ▁Prov idence ▁to ▁buy ▁out ▁P enn ▁Central ' s ▁interest ▁in ▁E J A . ▁That ▁purchase ▁was ▁completed ▁in ▁ 1 9 7 2 ▁as ▁part ▁of ▁the ▁P enn ▁Central ▁Rail road ' s ▁bank rupt cy ▁proceed ings . ▁When ▁Paul ▁Tib bet ts ▁became ▁president ▁of ▁E J A ▁in ▁ 1 9 7 6 , ▁he ▁said ▁the ▁company ' s ▁turn ▁around , ▁under ▁Sund l un ' s ▁guidance , ▁was ▁one ▁of ▁the ▁nation ' s ▁great ▁business ▁success ▁stories ▁of ▁that ▁de cade . ▁By ▁the ▁end ▁of ▁Sund l un ' s ▁presiden cy , ▁E