"This is a flying fruitcake deal. There's nobody here of substance," said Michael Boyd, president of Boyd Group/Aviation Systems Research in Evergreen, Colorado. "These are not heavy hitters in the airline business. I don't think American has much to worry about."

"Based on what I've seen, I don't see a whole lot behind this (bid)," said Joseph Tiberi, a union spokesman.

"If these clowns somehow wind up in control of TWA, it stands about a 1 percent chance of surviving," he added.
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