TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
Doesn''t the sale of Worldspan by AA, prove that TWA could have sold it instead? Was TWA really abo
- Thread starter AAplanesareold
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AAplanesareold
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On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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That and getting rid of a competitor that was growing by leaps and bounds in the Caribbean.
LGA Fleet Service
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AAplanesareold wrote:
That and getting rid of a competitor that was growing by leaps and bounds in the Caribbean.
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So if one follows your logic US Airways should be next for dismantling by AMR correct?
AAplanesareold
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On 7/29/2003 9:17:48 AM LGA Fleet Service wrote:
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AAplanesareold wrote:
That and getting rid of a competitor that was growing by leaps and bounds in the Caribbean.
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So if one follows your logic US Airways should be next for dismantling by AMR correct?
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On 7/29/2003 9:17:48 AM LGA Fleet Service wrote:
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AAplanesareold wrote:
That and getting rid of a competitor that was growing by leaps and bounds in the Caribbean.
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So if one follows your logic US Airways should be next for dismantling by AMR correct?
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If Arpey had his way, he would dismantle all of the competition. Crandall tried and so did Carty.
AA CEO's get extra brownie points for being ruthless.
FrugalFlyer
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On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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Istn't there an open skies agreement between USA and Italy?On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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If yes, then that JFK-FCO asset is not too valuable.
AAplanesareold
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On 7/29/2003 9:49:54 AM FrugalFlyer wrote:
If yes, then that JFK-FCO asset is not too valuable.
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On 7/29/2003 9:49:54 AM FrugalFlyer wrote:
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On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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Istn't there an open skies agreement between USA and Italy?On 7/29/2003 7:31:09 AM JFK777 wrote:
TWA bought many benefits to AA. Only about 10% of these are known now. This summer AA is operating JFK/FCO service, a TWA route. When the new AA terminal at JFK is finished many more "old" TWA routes will be flown, this is the benefit to AA; the TWA international portfolio.
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If yes, then that JFK-FCO asset is not too valuable.
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I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
AAplanesareold
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The most valued assets of any company, are the employees. Unfortunately, the management at AA doesn't seem to feel that this applies to the former employees of TWA.
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
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Was that a courtesy or did AA pay for that?
Don't really matter how much, point is nothing was a courtesy or gift.
AAplanesareold
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On 7/29/2003 5:54:46 PM latreal wrote:
Was that a courtesy or did AA pay for that?
Don't really matter how much, point is nothing was a courtesy or gift.
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On 7/29/2003 5:54:46 PM latreal wrote:
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
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Was that a courtesy or did AA pay for that?
Don't really matter how much, point is nothing was a courtesy or gift.
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If TWA prevails in court, it may very well be considered stolen goods.
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On 7/29/2003 9:17:48 AM LGA Fleet Service wrote: So if one follows your logic US Airways should be next for dismantling by AMR correct?
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AA doesn't need to, U is doing a fine job destroying itself.On 7/29/2003 9:17:48 AM LGA Fleet Service wrote: So if one follows your logic US Airways should be next for dismantling by AMR correct?
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FrugalFlyer
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
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On 7/29/2003 11:16:40 AM AAplanesareold wrote:
I believe that the Open Sky agreements in place right now, are between the U.S. and Germany and France. Italy is not included at the present time. So the JFK-FCO route is definitely an asset, courtesy of TWA.
While I'm not an expert on Open Skies, I'm fairly certain, and I hope somebody corrects me if I'm wrong, that in addition to Germany and France, there are other countries in Europe that have Open Skies agreements with the USA, including: Belgium, Netherlands, Austria, Czech Republic, Slovakia, couple of the Scandinavian countries?, Spain? Italy? Poland?
FrugalFlyer
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On 7/16/2003 8:34:18 AM AAplanesareold wrote:
If TWA was really on the verge of bankruptcy, couldn't the sale of Worldsspan have given TWA some more breathing room?
Was TWA really about to go belly up?
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To answer your original questions, lets kick that dead horse one more time:On 7/16/2003 8:34:18 AM AAplanesareold wrote:
If TWA was really on the verge of bankruptcy, couldn't the sale of Worldsspan have given TWA some more breathing room?
Was TWA really about to go belly up?
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1) NO. I believe TW could not sell their share of Worldspan without Delta and NW approval, which they weren't granting.
2) YES. TWA would go belly up eventually, unless somebody like JAG (remember them?) showed up with a lot of money.
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On 7/30/2003 10:39:11 AM FrugalFlyer wrote:
To answer your original questions, lets kick that dead horse one more time:
1) NO. I believe TW could not sell their share of Worldspan without Delta and NW approval, which they weren't granting.
2) YES. TWA would go belly up eventually, unless somebody like JAG (remember them?) showed up with a lot of money.
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Correct on both counts.On 7/30/2003 10:39:11 AM FrugalFlyer wrote:
To answer your original questions, lets kick that dead horse one more time:
1) NO. I believe TW could not sell their share of Worldspan without Delta and NW approval, which they weren't granting.
2) YES. TWA would go belly up eventually, unless somebody like JAG (remember them?) showed up with a lot of money.
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The other owners of WorldSpan were not interested in selling at the time, and TWA could not sell their share without consent of the other owners. Further, any owner had to be an airline, not another CRS (one of the other CRS made a bid in bankruptcy for TWA's share of WorldSpan).
TWA was out of money and out of options. That's why Compton and Carty talked in early January, 2001.
And nobody else came to the rescue.
B747-437B (Sean Mendis, spokesman for JAG) recently posted that even he admits that TWA could not have flown on September 13, 2001 following the attacks. And even JAG didn't put up the required $50 million deposit to make a formal bid for TWA, IIRC. Instead, they chose to argue at the court hearing that they should be allowed to bid even though they didn't follow the court-approved bidding procedure.
