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Trans World Airlines (TWA) was a major airline in the United States that operated from 1930 until it was acquired by American Airlines in 2001. It was formed as Transcontinental & Western Air to operate a route from New York City to Los Angeles via St. Louis, Kansas City, and other stops, with Ford Trimotors.
This operation was later sold by Trans World Corporation while under the leadership of Charles C. Tillinghast Jr. the CEO of TWA and the first known to receive a golden parachute employment contract. In 1983, Trans World Corporation, under Chief Executive Officer L. Edwin Smart, spun off Trans World Airlines [2] [3] to Carl C. Icahn, [citation ...
AMR Corporation was formed in 1982, as part of American Airlines' non-bankruptcy reorganization into a Delaware corporation, its name derived from American Airlines's former ticker symbol on the New York Stock Exchange. In 1984, various subsidiaries previously owned by American Airlines merged and created AMR Energy Corporation; it was involved ...
American Airlines parent company AMR (NYS: AMR) filed for Chapter 11 bankruptcy protection this morning after struggling to overcome high labor costs and jet fuel prices. AMR was the only major U ...
American Airlines stock is getting hit in midday trade after the company announced the departure of Vasu Raja, its chief commercial officer, and issued revised guidance that was a huge letdown for ...
Behind the tailspin at American Airlines that has sent debt soaring, investors fleeing, and the stock plunging 90% to a level one analyst calls ‘bonkers’ Shawn Tully November 11, 2023 at 8:00 AM
In January 1950, Pan American Airways Corporation officially became Pan American World Airways, Inc. (The airline had begun calling itself Pan American World Airways in 1943.) [59] [60] In September 1950 Pan Am completed the $17.45 million (equivalent to $175.32 million in 2023) [15] purchase of American Overseas Airlines from American Airlines ...
Gerald L. "Gerry" Gitner [1] is an American former aviation executive who occupied high-level positions at Trans World Airlines (TWA), Pan American World Airways (Pan Am), People Express Airlines, [2] and other major airlines. [3] [4] He has also served as chairman and director for several aviation-related and non-aviation-related companies. [5 ...