American and Twa
NPR's Jim Zarroli reports that American Airlines made it official today. It will acquire financially-troubled TWA. In a separate deal, American also announced that it is buying some of US Airways assets and will take a major stake in a startup airline, DC Air. American's parent corporation, AMR, gets TWA's 190 planes and 175 gates at airports around the country. American has also agreed to provide employment to almost all of TWA's 20,000 employees.
Copyright 2001 NPR