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Did TWA Have A Chance?  
User currently offlineN777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Posted (10 years 5 months 2 weeks 4 days 21 hours ago) and read 1763 times:

Just a question, with all the STL TWA talk around here:

If the American buyout had not taken place, is there any way TWA could have survived on its own?

My guess would be maybe, IF 911 hadn't occurred, but since it did occur, then I don't think they would have.

8 replies: All unread, jump to last
 
User currently offlineDeltaGuy From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 5 months 2 weeks 4 days 21 hours ago) and read 1742 times:

Would have liked to see it keep living, it was one of the last real, old school named airlines, from lineups like Eastern, Western, Pan Am, etc.

Before 9/11, maybe it could have treaded around like UAL is. After, not a chance...even the strong airlines were reduced to beaten souls.

RIP TWA

DeltaGuy


User currently offlineDesertJets From United States of America, joined Feb 2000, 7737 posts, RR: 16
Reply 2, posted (10 years 5 months 2 weeks 4 days 21 hours ago) and read 1718 times:

Even w/o 911 it is likely that TWA would not have survived. Even during the flush economy of the late 90s were other airlines were raking in the cash, TWA struggled to have a handful, and I do mean a literal handful, of profitable quarters (I believe there may have only been one or two). With poor credit ratings and an ambitious (though needed) fleet renewal program their costs were too high. Throw in their inability to hedge fuel costs when they spiked in the summer of 2000 they were done.


Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineTrnsWrld From United States of America, joined May 1999, 891 posts, RR: 0
Reply 3, posted (10 years 5 months 2 weeks 4 days 21 hours ago) and read 1717 times:

No one will ever know. All someone could do is speculate, and most will agree that 9-11 would have been the nail in the coufin for TWA. The last couple years of TWA's life was starting to actually look pretty promising with all there new aircraft, a new excellent color scheme, and a vastly reworked route structure. Some people might also forget that TWA was not forced into any liquidation either, this was a planned agreement between AA and TWA to merge. Even though I would LOVE to see TWA still flying, it would have been very very tough for them to make it through what 9-11 did to the economy and the aviation economy more specifically. Think of it this way, much stronger airlines such as UAL, AA, USair, and now DL are all struggling to hold on and they went into 9-11 in a lot better shape financially than TWA. So, make your own conclusion but I think you get what im getting at Smile/happy/getting dizzy
I will miss TWA

[Edited 2003-11-02 03:28:53]

User currently offlineAlpha 1 From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 5 months 2 weeks 4 days 20 hours ago) and read 1717 times:

If B747-437B could have gotten a hold of it, it'd still be around today.  Big grin

User currently offlineB747-437B From , joined Dec 1969, posts, RR:
Reply 5, posted (10 years 5 months 2 weeks 4 days 20 hours ago) and read 1678 times:

If B747-437B could have gotten a hold of it, it'd still be around today.

Thanks for your vote of confidence Alpha1, but even the most optimistic members of our consortium wouldn't argue your position!  Smile

If Jet Acquisitions Group had succeeded in acquiring TWA in March 2001 as we had hoped, our business plan projections would have put us the most vulnerable from a cashflow standpoint towards the end of the summer travel season in early September with cash on hand from unflown revenue being at its lowest point while capital spending was just picking up.

As a result it is my belief that similar to Midway, we would not have had sufficient liquidity to resume operations on September 15, 2001 and the airline would simply have shut down at that time. Even if we had been able to scrounge together enough cash to keep going then, the industry-wide revenue crisis for the next two quarters would have virtually assured liquidation once the bailout money dried up.

If we had acquired TWA and 9/11 had not happened, then yes, I think TWA would have stood a fighting chance. I think our business plan was solid, our management team was able and our financing was in place. But world events have a way of scuttling even the best laid plans and there is no point dwelling on past hypotheticals.


User currently offlineAtrude777 From United States of America, joined Aug 2003, 5686 posts, RR: 52
Reply 6, posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 1625 times:

Now see here I am confused.......

Did AA and TWA MERGE? or did AA BUY TWA. I thought it was the bought....so therfore....whether or not 9/11 happened TWA wouldn't be around anyway!!!

Alex.



Good things come to those who wait, better things come to those who go AFTER it!
User currently offlineB747-437B From , joined Dec 1969, posts, RR:
Reply 7, posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 1618 times:

Did AA and TWA MERGE? or did AA BUY TWA

Neither.

AA acquired "substantially all assets" of TWA in an auction conducted by the US Bankruptcy Court after TWA filed Chapter 11.

TWA as an entity ceased to exist after the sale was complete. AA transferred all the assets to a seperate company, a subsidiary of AMR Corporation called "TWA, LLC" and operated the assets there until they were merged into American Airlines.


User currently offlineAtrude777 From United States of America, joined Aug 2003, 5686 posts, RR: 52
Reply 8, posted (10 years 5 months 2 weeks 4 days 19 hours ago) and read 1600 times:

OHHHHH My bad, when I saw ur post. I thought you worked for AA, but looking back I realized you were for a different company. I am sorry. I sure wish you had aqcuired TWA, would have been nice to see them going!!!! I love TWA, as I live near STL!!

Alex.



Good things come to those who wait, better things come to those who go AFTER it!
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