TWA:- Trans World Airlines
TWA stands for Trans World Airlines. Trans World Airlines was a major American Airline that began operation in 1930 and existed till 2001. It was started as Transcontinental and Western Air. It was one of the “Big Four” domestic airlines operators in the United States along with American Airline, United Airlines and Eastern Airlines formed by the Spoils conference of 1930. After World War II, Trans World Airlines expanded its operation to serve Europe, the Middle East, and Asia. It made Trans World Airlines a second unofficial flag carrier of the United States after Pan Am. After the Airlines Deregulation Act of 1978, a series of airline failures, start-ups, and takeovers in the United States hit TWA hard. TWA’s management decided to take the company public in a leveraged buyout in 1988. But still, TWA became saddled with debts and had to sell its London Routes. The final nail in the coffin was the mid-air explosion of TWA Flight 800. TWA then filed for its third and final bankruptcy and was acquired by American Airlines.