AMR Corp.'s American Airlines called its plans to pay $1.8 billion to acquire Trans World Airlines and a chunk of US Airways Group Inc. beneficial to consumers, because it sets up a dogfight between two huge airline networks.
http://public.wsj.com/sn/y/SB979183169910935806.html
Robinson approved the request, despite the objections of billionaire corporate raider Carl Icahn. Icahn, TWA's former owner who retains a lucrative ticket deal with the carrier, also offered to provide debtor financing.
TWA spokesman Mark Abels said Thursday the airline had not received any kind of written proposal for financing from Icahn since the financier presented his offer to the court, and because the deal with American has already been negotiated, it was the best choice.
http://biz.yahoo.com/apf/010111/twa_bankru_2.html
Financier Carl Icahn is threatening to sue AMR Corp.'s (NYSE:AMR - news) American Airlines to preserve a lucrative contract he has with Trans World Airlines Inc. (AMEX:TWA - news), potentially adding another obstacle to American's planned buyout of TWA.
http://biz.yahoo.com/rf/010112/n12456102_2.html
AND: In the wake of recent deals that would consolidate the airline industry in the hands of a few giant carriers, the Clinton administration plans to issue a last-minute call to police the industry more closely.
http://www.nytimes.com/2001/01/16/business/16AIR.html
[This message has been edited by doc (edited 01-16-2001).]