Heavymetal From Ireland, joined May 2015, 17 posts, RR: 0
Reply 3, posted (14 years 4 months 3 weeks 2 days 5 hours ago) and read 2168 times:
As someone working in a completely unrelated industry often managed by maniacs with a few screws loose, what impresses me most about TWA's history is the people who kept the airline running regardless of what saint or sinner was in the executive offices.
It takes a passion for aviation to pull that off, and, perhaps as some sort of small reward, TWA'ers will be spared the heartbreaking news footage of long lines of parked airplanes at Lambert waiting to be sold.
I hope the transition is smooth for you folks. Fingers crossed!
FlagshipAZ From United States of America, joined Jan 2001, 3419 posts, RR: 13
Reply 6, posted (14 years 4 months 3 weeks 2 days 4 hours ago) and read 2145 times:
I'll miss TWA myself because of its rich history & classy looking planes. TWA was in the same league as the original Pan Am. I'm sorry to see them go because of sloppy management, but I'm glad American came to their rescue. Because if American didn't, someone else would have. Regards.
"Beer is living proof that God loves us and wants us to be happy." --Ben Franklin
Flashmeister From United States of America, joined Apr 2000, 2917 posts, RR: 6
Reply 7, posted (14 years 4 months 3 weeks 2 days 3 hours ago) and read 2136 times:
I will miss TWA and I hope that AA will not do with TWA what they did with Reno and AirCal... dismantle them not to grow, but to eliminate a competitor. So far, AA is playing it off as a true merger of networks (with some exceptions) rather than an assimilate-and-destroy mission, but time will tell whether CAArty is the Savior of St. Louis or not.
Highliner2 From United States of America, joined Nov 2000, 697 posts, RR: 2
Reply 10, posted (14 years 4 months 3 weeks 13 hours ago) and read 2085 times:
Hey, I really am going to miss TWA but let's be realistic here. They did have the right idea, they finally had competent management with a plan. But Carl Icahn gave TWA a cancer of sorts. Karabu constantly bled TWA and as I recall when AA announced they were going to buy TWA, they had to give TWA a huge sum of money just so the airline would'nt have to shut down later that week. Does anybody remember that? So yes, Trans World Airlines WAS done for without AA. They were out of money. I will also say that AA is certainly no savior, they had their own agenda too. They wanted TWA's STL hub, some say the increase in presence in San Juan, and they had to keep pace with UA which at the time looked like it was buying US Airways. It is a shame the TWA saga had to end this way but it is better than them having to shut down.
B747-437B From , joined Dec 1969, posts, RR:
Reply 12, posted (14 years 4 months 3 weeks 12 hours ago) and read 2079 times:
I recall when AA announced they were going to buy TWA, they had to give TWA a huge sum of money just so the airline would'nt have to shut down later that week. Does anybody remember that?
I am well aware of that. I was kinda involved with the deal myself, so it is a sore subject with me. Not only was DIP financing provided on January 9 along with a $50 million line of revolving credit, but an additional sum was due on the lease payments on March 10, which had been deferred 60 days as a result of the Chapter 11 filing. It was that additional DIP due on the lease payments that forced Judge Walsh to rush the hearings and rule without considering all the aspects of the proposed alternate offers, despite assertions in open court from Ed Weisfelner and Stan Lerch that they would provide DIP in lieu of AMR. Drop me a personal email if you wanna know the inside scoop on how the TWA deal was financed - there are some interesting tidbits of info that were never made public, but make the whole thing so much clearer.
Greg From United Kingdom, joined May 2005, 0 posts, RR: 0
Reply 13, posted (14 years 4 months 3 weeks 10 hours ago) and read 2067 times:
TWA should be happy they found a white night. Just ask the folks at Eastern, Braniff, or PanAm how they would have felt.
TWA at one point was probably a first class carrier. In the last ten years it was dismal and full of rude employees (who could blame them with management like that). I hated flying on them...so I'm actually glad their gone. I think the employees will end up liking their jobs at AA (primarily because they will still be collecting a paycheck!)
Fleet service From United States of America, joined Apr 2000, 623 posts, RR: 2
Reply 14, posted (14 years 4 months 3 weeks 10 hours ago) and read 2065 times:
What were the options before the judge?
Carl Ichan and his "Immediate 20% reduction in the workforce" and ten year extension of Karabu.
American Airlines,a major airline with the resources to basically keep TWA intact until its full integration into AA.
JAG, a newly incorporated entity with VERY lofty goals for TWA and an internet enthusiast or two with their names splashed all over the papers.
TWA itself advised the court they wanted the AA proposal,they were unwilling to take a chance with JAG, no matter how honorable/well meaning their intentions may have been.They certainly weren't about to allow Ichan another chance to pillage whatever was left of any value.
The IAM would've looked for big bucks and resisted ANY work rule changes.(See the Terminal 6 covenant at JFK)
Would Icahn have said "Sure, I'll let you buy out Karabu for a hundred million"?
The pace of change quickens, and TWA takes her place with the "Golden Age" carriers like Pan Am and Eastern.
They are gone, but they are not forgotten.
Yes, I actually *do* work for an airline,how about you?