Saturday, March 3, 2012

KERKORIAN'S TWA BIDDING HITS AMERICAN.(Business)

Byline: Dirk Beveridge Associated Press

California investor Kirk Kerkorian's interest in Trans World Airlines has become a wild card in the dramatic reshuffling of trans-Atlantic air travel.

By persuading the Transportation Department to listen to his ideas on buying and rebuilding TWA, Kerkorian has dealt at least a temporary setback to American Airlines, the nation's biggest carrier, which has agreed to pay $445 million for six lucrative TWA London routes.

The government on Wednesday put American's plans to get into London's Heathrow Airport on hold by saying it wanted Kerkorian to present a detailed plan for making TWA a viable carrier. Two days …

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