T.W.A. had stretched its resources thin expanding into the glamorous field of overseas air transportation. But it would have skinned by without much trouble if the 25-day pilots' strike had not knocked it flat. By last week, T.W.A.'s financial position was worrisome enough to fill the air with more rumors than Constellations.
There was no truth, said both sides, to gossip that T.W.A. was going to sell out to Pan American Airways. But it was true that T.W.A. was sounding out the RFC and private banks for a whopping loan.
The reasons why...
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