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1992

TWA declares bankruptcy/reorganizes (Summer-Oct)

After the sale of its prized London routes in 1991, TWA continues to suffer financially. To remain competitive they file for bankruptcy in 1992, reorganize and re-emerge in 1993. Unfortunately, creditors now own 55% of the company. TWA will again file for bankruptcy and again reorganize in the 1990s; American Airlines buys out TWA in 2001.

Image Sources:

  • RAG0933TP (memo) Congressional Papers Box 239 f.1
  • RAG0935TP (letter) Congressional Papers Box 620 f.17
  • RAG0934TP (letter) Congressional Papers Box 620 f.2