American to buy TWA
Jan 8, 2001, 12:03 am
#1
Original Poster
Join Date: Feb 1999
Location: Washington DC
Programs: UA GS, DL Silver, EK Gold, Marriott Plat, HH Diamond
Posts: 800
American to buy TWA
looks like TWA's days are numbered if this story is accuarte. also, some interesting info regarding the UA-US merger.
http://www.washingtonpost.com/wp-dyn...-2001Jan7.html
[This message has been edited by indogulf (edited 01-08-2001).]
http://www.washingtonpost.com/wp-dyn...-2001Jan7.html
[This message has been edited by indogulf (edited 01-08-2001).]
Jan 8, 2001, 5:12 am
#3
A FlyerTalk Posting Legend
Join Date: May 1999
Posts: 46,817
American Airlines Reported Near a Deal to Buy T.W.A.
American would acquire T.W.A. this week after T.W.A. files for bankruptcy for the third time in less than a decade. American would take on T.W.A.'s debt as part of its reorganization under Chapter 11.
http://www.nytimes.com/2001/01/08/business/08AIRL.html
In short order, more than half of all U.S. air travel could end up in the cabins of American and United, which would have substantially greater control over travel and fares along the East Coast, in the Midwest and in the lucrative coast-to-coast markets. United and American are already the two largest carriers in the world, but the U.S. market is currently fragmented, with United controlling about 19% of traffic and American about 17%.
http://public.wsj.com/sn/y/SB978913615364550399.html
See also:
http://www.flyertalk.com/forum/Forum1/HTML/003922.html
[This message has been edited by doc (edited 01-08-2001).]
American would acquire T.W.A. this week after T.W.A. files for bankruptcy for the third time in less than a decade. American would take on T.W.A.'s debt as part of its reorganization under Chapter 11.
http://www.nytimes.com/2001/01/08/business/08AIRL.html
In short order, more than half of all U.S. air travel could end up in the cabins of American and United, which would have substantially greater control over travel and fares along the East Coast, in the Midwest and in the lucrative coast-to-coast markets. United and American are already the two largest carriers in the world, but the U.S. market is currently fragmented, with United controlling about 19% of traffic and American about 17%.
http://public.wsj.com/sn/y/SB978913615364550399.html
See also:
http://www.flyertalk.com/forum/Forum1/HTML/003922.html
[This message has been edited by doc (edited 01-08-2001).]
Jan 10, 2001, 7:51 am
#4
Join Date: May 1998
Posts: 3,062
Here is the official press release from AMR:
http://www.amrcorp.com/news/jan1001.htm
http://www.amrcorp.com/news/jan1001.htm
Jan 10, 2001, 8:04 am
#5
A FlyerTalk Posting Legend
Join Date: May 1999
Posts: 46,817
Specifically, as part of its transaction with TWA, American will acquire:
http://biz.yahoo.com/prnews/010110/tx_mo_amr_.html
http://biz.yahoo.com/prnews/010110/tx_mo_amr_.html
Jan 10, 2001, 6:21 pm
#6
Join Date: Jun 2000
Location: AUS
Programs: DL Flying Colonel
Posts: 4,023
On the news here in CA today, AA will hire most of the TWA employees!!! Well, they should check with me first, as I have a list of TWE employees (about 99% of the company) that should not be hired. If they do not want to check with me, they should give a mandatory IQ test before hiring them.
First question for the IQ test. If a flight is scheduled to leave at 10:00, and it begins to board at 11:45, can it leave on time?
First question for the IQ test. If a flight is scheduled to leave at 10:00, and it begins to board at 11:45, can it leave on time?