January 17, 2001 |
Carl Icahn, the billionaire financier who formerly ran Trans World Airlines Inc., is reportedly trying to line up partners for a rival bid against American Airlines' offer for the financially ailing carrier's assets. Icahn's attorney, Edward Weisfelner, told the Dallas Morning News in Tuesday's editions that he will not reveal the identity of any third party his client has contacted to join his bid. "The ground rules . . . make it awfully difficult to afford a competing bid," Weisfelner said.
November 8, 2000 |
Trans World Airlines Inc., crippled by a decade of red ink, is now celebrating its 75th anniversary in ignominious fashion: The stock-market value of the entire airline isn't much more than the sticker price of a single new 747 jetliner. The St. Louis-based airline operates a fleet of 190 jets, serves destinations on three continents and employs more than 20,000 people. Its domestic hubs are in St.
November 19, 1999
* Trans World Airlines Inc. said that it is ending service to three European cities as it starts flying to seven other destinations, and would take an $80-million charge as a result. TWA said it will end service to Rome, Madrid and Barcelona, Spain, beginning Jan. 10. The carrier will use aircraft from the canceled routes to operate new services to such destinations as Puerto Rico and Mexico. * Borders Group Inc. said its loss widened slightly in its third quarter to $1.
July 13, 1998 |
Trans World Airlines Inc. and the group representing its 2,500 pilots have reached a tentative contract agreement, ending more than a year of negotiations. If ratified, the pact will give the pilots an immediate wage increase and put them on par with workers at other airlines, said James Martin, the St. Louis-based carrier's chief labor negotiator. The union said its pilots earn about 60% less than those at other major airlines.
April 14, 1998 |
Trans World Airlines Inc. said it signed a letter of intent for 24 new MD-83 planes from Boeing Co. for delivery in 1999 in an order worth about $1 billion, based on the list price of the planes. St. Louis-based TWA plans to acquire the aircraft through a long-term leasing arrangement, the carrier said in a filing with the Securities and Exchange Commission.
December 16, 1995 |
European Union leaders chose "Euro" as the name for their planned single currency, to be launched Jan. 1, 1999. . . . General Electric Co. increased its share buyback program 80% to $9 billion, placating investors concerned that the company wasn't making use of its excess cash. . . . Trans World Airlines Inc. said it has withdrawn a lawsuit against financier Carl Icahn's Las Vegas-based travel agencies over the sale of TWA tickets.