Word: starkman
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Dates: during 1990-1999
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While TWA will emerge with a cleaner balance sheet, it is still stuck with a frayed route structure and one of the oldest fleets in the world (80% of its jets are more than 10 years old, vs. 35% for industry leader American). Says Edward Starkman, who follows the airline industry for PaineWebber: "TWA is one of the great weaklings of the business. The capital required to turn this company around would make your head spin: tens of billions of dollars in new planes alone...
Joseph A. Starkman...