Air Transport World

The Big Split.

TWA surprised many by not only ordering and optioning 250 aircraft but also by selecting the Boeing 717200 and Airbus A3 18, both seating around 110 passengers. Orders were for 50 717s, 50 A318s and 25 unspecified members of the Airbus single-aisle family, plus 50717 options and 75 A320-family options.

Thought to be too financially weak to order new aircraft, TWA acquired financing through a variety of launch assists from Boeing, Airbus, BMW Rolls-Royce and Pratt & Whitney. TWA Senior VP and CFO Michael Palumbo refused to give details on the acquisition, saying negotiations were still in progress, but noted that TWA would favor leasing over purchase in early deliveries. …

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