Product details

In many ways, Trans World Airlines never fully recovered from the United States recession of the early 1990s. By 1995, while most large airlines were reporting large profits amidst the country''s largest economic expansion, TWA fell further behind crippled by a large debt load with regulators adding to the pressure by requiring significant upgrades in aircraft and equipment in the near future. Slipping into bankruptcy seemed the only viable solution for the airline to have a chance at survival. Now, five years later and still operating under bankruptcy protection, two bidders have come forward to purchase the failing enterprise.