glasspilot1
Well-known member
- Joined
- Sep 22, 2004
- Posts
- 398
>> Icahn sold the 3 routes to AA for the same price he was going to sell all 6 routes to AA. The other 3 routes were sold to USAir for 80 million.
One of the routes that went to USAir was BWI LHR. <<
Thanks Jeff! Now that rings a bell.
Another thing Icahn was able to do as the private owner of TWA: Just after he took the co. private we had a fleet of L1011's. Old but paid for. He sold them to his own leasing co. So now TWA has these old widebodies AND we're paying lease payments. And the cash went; well you know where it went.
One of the routes that went to USAir was BWI LHR. <<
Thanks Jeff! Now that rings a bell.
Another thing Icahn was able to do as the private owner of TWA: Just after he took the co. private we had a fleet of L1011's. Old but paid for. He sold them to his own leasing co. So now TWA has these old widebodies AND we're paying lease payments. And the cash went; well you know where it went.