- Banned
- #106
TWA did not file chapter 7, they would have ceased all operations, they filed chapter 11 and AA acquired them.
http://www.deseretnews.com/article/818514/TWA-files-bankruptcy-OKs-bid.html?pg=all
TWA, the nation's longest existing commercial air carrier, filed for Chapter 11 bankruptcy protection in Wilmington, Del., Wednesday, shortly after its board of directors approved a $500 million acquisition of the troubled airline by AMR Corp., parent company of American Airlines.
http://www.deseretnews.com/article/818514/TWA-files-bankruptcy-OKs-bid.html?pg=all