Icahn Crashes In Bid For TWA

One of the bidders in the TWA sweepstakes has been dealt a severe blow. Carl Icahn’s offer to buy the bankrupt St. Louis-based airline has been called “a joke” by a U.S. Bankruptcy Court judge who said he would not allow Icahn’s attorney to...

Cloudy Skies For TWA Merger Plans

The bidding for the assets of St. Louis-based Trans World Airlines has become a little murky with three bidders submitting information to a federal bankruptcy judge. American Airlines has followed through with its promised bid. A second company has bid only for...

TWA Merger Plan Could Be Grounded

Supporters of American Airlines’ proposal to buy St. Louis-based Trans World Airlines are concerned with efforts in Washington to slap a one-year moratorium on airline mergers. Legislation aimed at freezing all mergers and acquisitions of major airlines for one...

Missouri makes the TWA case in DC

Missouri officials are pressing Washington to clear the way for American Airlines to acquire Trans World Airlines. In testimony before the Senate Commerce Committee, state officials point out the $8 billion annual economic impact of TWA on St. Louis where it is...

Congress disects TWA deal

Lawmakers in Washington are reviewing the proposed takeover of TWA by American Airlines. Presidents of both airlines assure members of the US Senate Commerce Committee that the acquisition of TWA by American won’t hurt competition and will maintain jobs…...
Missourinet