ok...as newly loayal customer to TWA (just a couple of years) I join the many who say that it is sad to see the airline go. But as I read up on the other bids that were submitted, and issues that the other airlines have with this deal (AA and TWA and AA's stake in DCAir, which angered Continental), I found that I would really want AA to pick up the pieces of TWA.
If the judge doesn't approve their bid, whose to say they will not fly tomorrow? The judge's opinion on the other two bids range from a joke(Ichan) to not knowing if the group is for real (JAG). AA is the only real bidder.
The assets that they pick up are very valuable, including slots, gates, terminals, and routings. But they also pick up long-term debt that is due, aircraft leases that are high (which they will renegoiate), and older (seniority), higher paid labor force. If AA doesn't buy them, then who will?
I agree that this deal is not all charity, but I came to terms that if it doesn't go through, then we have 21000 more people on unemployment, the St. Louis area air-economy can bust (with 76% of the traffic on TWA and 11% on SWA, who will fly those routes on Tuesday if AA doesn't get a hold of the planes and TWA does stop flying?)
Of the top ten majors: NWA and CO are having their problems right now...SWA has told the City of St. Louis that if TWA does stop operating, they will not increase their flights, Delta might look into establishing something here, America West has its own problems with schedules and maintence, UA and US are trying to seal a deal, and Alaska (opinion of mine here) might not see it's business plan extending into the midwest. Couple that with lenghty delivery times for new aircraft...and small availiblity of leased aircraft (though if TWA does stop then there is an additional 190 aircraft on the market), St. Louis might be out of luck in finding a new carrier fast for the 60+ gates TWA operates from now on the short term..but in the long run someone will reestablish a hub here.
This a purely a business move...I make no mistake...if AA does get TWA, then some predict that they will be one of the largest (if not the largest) carriers in the Northeast, Carribean, and Transcontinental. The chairity part is the human and economic interest of the main cities that TWA serves..mainly st. louis (yes...that is my opinion too).