The biggest shifts will probably take years to play out, analysts said.
http://www.nytimes.com/2001/01/10/business/10FLY.html


Audio & Webcast of TWA News Conference:
www.twa.com



Deal Could Leave Little Sky for Also-Rans:
http://www.nytimes.com/2001/01/10/business/10AIR.html

Analysis: Complex Airline Deals May Draw Antitrust Watchdogs:
http://www.nytimes.com/2001/01/10/business/10TRUS.html



AND: Mr. Icahn has a long-term contract to sell millions of dollars worth of T.W.A. tickets at steep discounts that he negotiated in 1993 in exchange for a $190 million loan. The contract, which expires in September 2003, is now worth more than $250 million, one Wall Street analyst estimated.

American executives said that they thought they could cancel Mr. Icahn's contract as part of T.W.A.'s bankruptcy. "That is one of the contracts we are not interested in being party to," Mr. Carty said yesterday.
http://www.nytimes.com/2001/01/11/business/11AIR.html


AND:

Tomorrow, Thursdays WSJ carries a story suggesting Carl Icahn may provide financing to TWA, raising the prospect he could emerge as a bidder.


[This message has been edited by doc (edited 01-10-2001).]