TWA Buyout: 10 Years After
ST. LOUIS (KMOX) - Ten years after it bought out TWA, a lot of St. Louisans still have bitter feelings about American Airlines.
But a former TWA executive says they shouldn’t.
Former TWA spokesman Mark Abels reminds everyone that St. Louis’ hometown airline was literally hours from shutting down for good when American stepped in.
And while some believe that then-American Chairman Don Carty wasn’t sincere when he said he wanted to keep St. Louis as a hub, Abels asserts that wasn’t the case.
“Don Carty put about a billion dollars of American Airlines assets on the line to acquire TWA and to keep the hub open in 2001,” Abels says. “I don’t think he would have done that if he hadn’t been sincere.”
Abels tells KMOX News that bottom line is; St. Louis isn’t big enough — or rich enough — to serve as hub for airline travel.
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