TWA comes out of Chapter 11

1995-08-30T00:00:00

TRANS WORLD AIRLINES (TWA) emerged from Chapter 11 bankruptcy protection on 23 August, having reduced its debt by $500 million and increased its creditors' stake in the carrier from 55% to 65%. TWA filed for Chapter 11 on 30 June with $1.7 billion in debt carried over from its previous ...

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