Trans World Airlines, the nation's fourth largest airline, last week moved to acquire Northeast Airlines, which serves New England and also has a New York-Miami route. For TWA, merger with Northeast will complete the New York-Miami leg of its triangle between the West Coast, Miami and New York. Although TWA will be stuck with Northeast's money-losing New England feeder services, it will pick up passengers for its long-haul and international runs. To Northeast, which lost $7,000,000 last year and is still in the red, merger will provide seriously needed working capital.
Masterminding...
To continue reading:
or
Log-In
