Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Tuesday, April 10, 2001, updated at 09:19(GMT+8)
World  

American Airlines Becomes the World's Largest Air Carrier

American Airlines became the world's largest air carrier and grounded a venerable competitor Monday after acquiring the assets of bankrupt Trans World Airlines.

The deal, which closes the books on the longest-flying carrier in American commercial aviation, was completed following a day of legal maneuvering capped by a federal judge's refusal to grant a stay that would have blocked the deal.

``Today we celebrate a true milestone for the employees and customers of both American Airlines and TWA. The combination marks the beginning of a new era in aviation, as we bring together some of the most valuable assets and some of the best people in the industry,'' said Donald J. Carty, chairman and chief executive of American Airlines.

American, the No. 2 carrier before the deal, swaps positions with No. 1 United Airlines in terms of revenue passenger miles. The combined company will offer travel to more 300 cities worldwide on more than 900 aircraft.

American's newfound supremacy could be short-lived, though. The airlines will reverse positions again if United succeeds in its bid to obtain most of US Airways.

For now, customers should see no differences as the airlines will operate independently, with separate reservation systems, payrolls, aircraft and policies. TWA eventually will be integrated fully into American's operations, though it was not clear how long the transition period would last.







In This Section
 

American Airlines became the world's largest air carrier and grounded a venerable competitor Monday after acquiring the assets of bankrupt Trans World Airlines.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved