Originally Posted by
tdracer
Numpty - Pan Am was purchased by Delta, Teeny Weeny was taken over by American - both while still operational airlines. They didn't "fail".
you may be right, but I only know what I have read (i know Wiki can be manipulated) but I do welcome correction.
"Pan Am was forced to file for
bankruptcy protection on January 8, 1991.
Delta Air Lines purchased the remaining profitable assets...."
https://en.m.wikipedia.org/wiki/Pan_..._World_Airways
"Under Icahn's direction, many of its most profitable assets were sold to competitors, much to the detriment of TWA.
[35] Icahn was eventually ousted in 1993, though not before the airline was forced to file for bankruptcy on January 31, 1992.
[36]"
https://en.m.wikipedia.org/wiki/Trans_World_Airlines