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Trans World Airlines

July 15, 2002 | From Times Wire Reports
Relatives and friends of the 230 people killed in the 1996 crash of TWA Flight 800 met on a wind-whipped bluff on Long Island's south shore to dedicate a permanent memorial to the victims. The bluff is the nearest point to where the plane went down July 17, 1996. The black granite memorial has a gray wave and 230 gray doves on one side and the names of the victims inscribed on the other.
December 1, 2001 | James F. Peltz
A group representing the 2,400 pilots of Trans World Airlines, which was bought earlier this year by American Airlines parent AMR Corp., has hired the firm of celebrated corporate lawyer David Boies to protect the pilots' interests in the merger, Boies' office said.
February 5, 2001
* Today, the annual National Automobile Dealers Assn. Convention continues in Las Vegas, through Tuesday. * Wednesday, the Senate Commerce Committee holds a hearing on AMR Corp.'s proposed deal to take over Trans World Airlines. * Thursday, opening of Toy Manufacturers of America Inc.'s annual American International Toy Fair in New York, through Feb. 14.
March 6, 1992 | From Times Staff and Wire Reports
Airlines Cut Fares to Europe by Up to 40%: Trans World Airlines and Delta Air Lines cut prices after American Airlines announced fare reductions of up to 33% to 11 European cities. The new fares, which will drop as low as $448 round-trip for some flights to Britain, are for travel during spring and summer.
September 7, 2001 | Bloomberg News
TWA Airlines President William Compton, a former pilot picked to run Trans World Airlines' operations who later engineered its sale to AMR Corp., will retire Oct. 1. Compton, 54, remained at TWA after the sale to help guide its combination with AMR's American Airlines. He had said he would step down at some point in the process. TWA was bought by Fort Worth-based AMR, making it the largest airline company, last April for $2.8 billion.
July 12, 2001 | Bloomberg News
AMR Corp.'s American Airlines pilots union approved an agreement with the largest carrier on combining operations with those of Trans World Airlines Inc. The Allied Pilots Assn. board Tuesday endorsed the plan, which protects pilots at American as of April 10 from being furloughed as a result of the TWA acquisition and restores seniority for about 600 American pilots laid off in the 1990s, the union said on its Web site. The agreement doesn't require a vote by the union's 11,000 members.
May 25, 2001 | Bloomberg News
Trans World Airlines Inc., which has been acquired by AMR Corp., agreed to pay $2.6 million to settle sexual harassment claims by female employees at John F. Kennedy International Airport. The lawsuit, filed in June 1998, alleged that male supervisors groped women, exposed themselves, made sexual propositions or lewd comments and used offensive language. The suit also claimed that women were subjected to retaliation if they complained, according to the U.S.
AMR Corp. closed its $742-million purchase of bankrupt Trans World Airlines Inc. on Monday after clearing a final legal hurdle. The deal makes AMR's American Airlines the world's largest air carrier. "It's done, the deal's closed," TWA spokesman Mark Abels said. "We feel great. This is a great solution for TWA." At a party at TWA's home hub airport in St. Louis, thousands of workers cheered the deal, which saved them from an uncertain future with financially ailing TWA, Abels said.
April 9, 2001 | Associated Press
The sale of Trans World Airline's assets to the parent company of American Airlines is expected to close today, making the Fort Worth carrier the largest in the world--for now. AMR Corp. will pay $742 million, pending a U.S. Bankruptcy Court's approval, for TWA, plus the assumption of $3.5 billion in debt. All potential roadblocks to the deal were lifted last week with the end of court action pursued by former TWA creditors, including former TWA chairman Carl Icahn. On Friday, U.S.
April 7, 2001 | Reuters
The Transportation Department gave American Airlines clearance to take over the domestic and international operating authority of Trans World Airlines. The DOT action transfers TWA's scheduled passenger and cargo service and routes to a subsidiary set up by American to handle TWA's operations until its planned purchase of the financially ailing airline is completed. American is expected to close the $742-million deal Monday. Earlier, a district judge in Wilmington, Del.
August 23, 1991 | From Times Staff and Wire Reports
Creditors Can Seize TWA Jets: A federal judge ruled that a group of creditors of Trans World Airlines can repossess two jets, five engines and other equipment because of TWA's failure to pay $6 million in debts. TWA said it hoped to reach a settlement with the creditors to avert the repossession.
March 29, 2001 | Associated Press
Leaders of American Airlines' three unions said they cannot support the carrier's purchase of bankrupt Trans World Airlines, saying the difficulty of absorbing TWA's workers could cause turmoil. In a letter to Donald J. Carty, chief executive of the carrier's parent AMR Corp., leaders of the pilots, flight attendants and mechanics unions said the airline should focus on improving benefits for its employees instead of acquiring TWA.
AMR Corp.'s American Airlines rejected demands from its pilots union to provide pay and pension improvements and job protection as the carrier buys Trans World Airlines Inc. and integrates its workers. American, in letters from two of its executives to the Allied Pilots Assn., said the union would have to work out on its own a plan to combine the pilot seniority lists for the two airlines. The carrier agreed to protect American pilots from possible furloughs. The second-largest U.S.
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