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Europe Daily Bulletin No. 7877

10 January 2001
Contents Publication in full By article 32 / 52
ECONOMIC INTERPENETRATION / (eu) airlines

AMERICAN AIRLINES, the world's number two air carrier, is close to an agreement to take over TWA - TRANS WORLD AIRLINES ($2.74 bn turnover in the first nine months of 2000, with 20,000 employees), in financial difficulty, and 20% of the assets of US AIRWAYS. The total cost of the operation should amount to some $2 bn, including debts. AMERICAN AIRLINES could also take a 49% stake in a new company being set up, DC AIR, from UNITED AIRLINES for $1.4 bn.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION