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BRIEFLY

Two TWA unions agreed on new contracts.

January 03, 1986

The pilots and machinists unions reached definitive agreements with TWA's majority owner, investor Carl C. Icahn, union officials said. But it remained unclear if the contracts, which remained subject to final legal review, would have a major bearing on whether Icahn decides to buy the rest of TWA's stock as previously planned and, if he does, at what price. The basic economic aspects of the proposed three-year contracts match those agreed to by the parties last summer, with union members providing wage and benefit concessions in exchange for profit sharing and TWA stock.

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