Political Quotes

“American Airlines' acquisition of TWA, which declared bankruptcy in January, is nearly complete. The American-TWA transaction was approved in March by a U.S. bankruptcy court judge. The Department of Justice issued a statement declaring that the agency would not challenge the merger, in essence, approving it. The Department of Transportation is currently working on the transfer of TWA's certificates and international routes to American Airlines. Although American Airlines must still survive some legal challenges during the bankruptcy appeals process, and, more importantly, gain approval from its unions, it will, by the end of this month, acquire 190 TWA planes, 175 TWA gates at airports throughout the Nation, 173 TWA slots at the four slot-controlled airports, TWA's hub in St. Louis, and 20,000 TWA employees. As a result, American Airlines will now enjoy the title of the world's largest airline with a 20 percent share of the U.S. domestic market. Unfortunately, American Airlines' quest to become bigger does not end there.”