DesertJets From United States of America, joined Feb 2000, 7673 posts, RR: 18 Reply 2, posted (9 years 6 months 3 weeks 3 days 22 hours ago) and read 1112 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
TrnsWrld From United States of America, joined May 1999, 763 posts, RR: 0 Reply 3, posted (9 years 6 months 3 weeks 3 days 22 hours ago) and read 1111 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
I will miss TWA
B747-437B From , joined Dec 1969, posts, RR: Reply 5, posted (9 years 6 months 3 weeks 3 days 22 hours ago) and read 1072 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!
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.
Atrude777 From United States of America, joined Aug 2003, 5613 posts, RR: 54 Reply 6, posted (9 years 6 months 3 weeks 3 days 21 hours ago) and read 1019 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!
B747-437B From , joined Dec 1969, posts, RR: Reply 7, posted (9 years 6 months 3 weeks 3 days 20 hours ago) and read 1012 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.
Atrude777 From United States of America, joined Aug 2003, 5613 posts, RR: 54 Reply 8, posted (9 years 6 months 3 weeks 3 days 20 hours ago) and read 994 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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