Bills to Pay

Hijacking aftermath

In his dogfight for TWA, Investor Carl Icahn has learned that if it isn't one thing, it's another. Last week he finally won control of the fifth-largest U.S. air carrier by buying the last chunks of stock necessary for a 50.3% share of the company. Yet Icahn's victory means that the raider will now be held hostage by a number of unusual problems arising from the June hijacking of TWA Flight 847.

To date, the hijacking has cost TWA about $20 million. But it will not end there. The airline's insurance company, Associated Aviation Underwriters, is offering the 143 passengers flat...

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