Delta rekindles interest in Continental

Article Abstract:

Delta Air Lines is again thinking of acquiring Continental Airlines. The renewed interest in Continental was spurred by the news that American Airlines is finalizing its bid to buy Trans World Airlines and a separate deal to purchase 20% of the jets, landing slots, gates and other assets of US Airways. Another competitor, United Airlines would purchase most of the remaining assets of US Airways. The deals would leave Delta, which is the third-largest ariline, far behind in the consolidation race.

Continental Airlines Inc.

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Icahn fights TWA buyout in court

Article Abstract:

Carl Icahn is against American Airlines' acquisition of Trans World Airlines. Icahn, one of TWA's biggest debtors and has a contract to buy discounted TWA tickets, is asking the Delaware bankruptcy court to grant him, and not American, the right to offer 'debtor-in-possession' financing to TWA. The scheme would allow Icahn to get priority over other creditors for repayment. TWA is facing reorganization after filing for bankruptcy protection on Jan 10, 2001.

Scheduled Airlines, Scheduled Air Transportation, Airlines

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American-TWA deal could close Friday

Article Abstract:

AMR could complete its purchase of Trans World Aairline (TWA) as soon as Apr 6, 2001, since a federal bankruptcy judge has denied motions to delay the sale. Former TWA owner Carl Icahn and other creditors had sought an order to block the sale. TWA's pilots union has reached a contract agreement with American Airlines. On the other hand, american's three unions are opposed to the deal.

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