TravelNewsAsia.com

 

Travel News - Latest Travel News

 

AMERICAN AIRLINES RECEIVES DEPARTMENT OF TRANSPORTATION APPROVAL FOR ACQUISITION OF TWA

Travel News Asia Date: 7 April 2001

American Airlines has announced that it has received notice that the United States Department of Transportation has approved the transfer of passenger certificates from Trans World Airlines, Inc. to American Airlines and its subsidiary, TWA Airlines LLC. This transfer, which includes interstate and foreign scheduled passenger certificates and other authorities currently issued to TWA, represents the successful completion of another step in American’s acquisition of TWA.

Donald J. Carty, chairman and CEO of America Airlines, said, "We’re gratified by DOT’s quick response to our application for the transfer of these certificates. The Department’s action affirms the benefits of this transaction to the flying public and recognizes TWA’s position as a failing carrier. This transaction protects thousands of TWA jobs and will create tremendous new career opportunities for TWA and American employees. It also will allow us to provide an even broader network for our customers. We look forward to closing this transaction on Monday."

American Airlines and its regional airline affiliate, American Eagle, together serve more than 240 cities in 49 countries and operate approximately 4,100 daily flights. American Airlines, which traces its beginnings to 1926, today operates a fleet of 720 modern jetliners and employs more than 103,000 people worldwide. American Airlines and American Eagle are both wholly owned by AMR Corp. (NYSE: AMR).

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
 
Copyright © 1997-2024 TravelNewsAsia.com