What was the viable business plan?
Karabu, high lease rates, SWA imroads at STL...TWA had no viablity.
The IAM concessions you speak of were a day late and a dollar short. The pilots, FAs, and ground troops carried TWA on their backs until the stars aligned for the AMR buyout.
Those stars were the UAL/US proposed merger, AMR flush with cash, and a clever BK plan that voided Karabu (and your small TWA stock position).
Karabu, high lease rates, SWA imroads at STL...TWA had no viablity.
The IAM concessions you speak of were a day late and a dollar short. The pilots, FAs, and ground troops carried TWA on their backs until the stars aligned for the AMR buyout.
Those stars were the UAL/US proposed merger, AMR flush with cash, and a clever BK plan that voided Karabu (and your small TWA stock position).