Trans World Corporation

Trans World Corporation was the original name of the holding company set up to own Trans World Airlines.

In 1967, when the airline sought to diversify into other areas of business, a key investment was Hilton International Hotels, the non-American interests of the Hilton Hotels chain. (Because of this split, the Hilton International chain had to call its hotels in America Vista, while future overseas locations of the American Hilton chain were called Conrad International. This operation was later sold by Trans World Corporation while under the leadership of Charles C. Tillinghast Jr. the CEO of TWA and the first known to receive a golden parachute employment contract.

Trans World Corporation, the owners of the airline company, and TWA's successor Chief executive officer ( L. Edwin Smart), spun off Trans World Airlines and sold it to Carl C. Icahn in 1983, and the holding parent company that owned TWA was then liquidated.

As a result of both companies Trans World Airlines and Trans World Corporation being publicly traded prior to the spinoff, public records permitted analysis which indicates "wealth transfer" of a sale of TWA was as much a reason for the sale of TWA as was a desirability to "restructure union contracts". Conversely, it was circa 1982-1984 when UAL Corporation and AMR Corporation, the parent companies of United Airlines and American Airlines first took shape. This period is also an era marked by extremely competitive airline industry forces fighting for deregulation survival along with fighting for opportunities of vast individual creations of wealth characterized by those accumulated by leading industry figures but sullied names such as Frank Lorenzo and Carl Icahn during the 1980s.

TWA Flight 800

Trans World Airlines Flight 800 (TWA 800), was a Boeing 747-100 which exploded and crashed into the Atlantic Ocean near East Moriches, New York, on July 17, 1996, at about 8:31 p.m. EDT, 12 minutes after takeoff from John F. Kennedy International Airport on a scheduled international passenger flight to Rome, with a stopover in Paris. All 230 people on board were killed in the third-deadliest aviation accident in U.S. territory.

Accident investigators from the National Transportation Safety Board (NTSB) traveled to the scene, arriving the following morning, and there was much initial speculation that a terrorist attack was the cause of the crash. Consequently, the Federal Bureau of Investigation (FBI) initiated a parallel criminal investigation. Sixteen months later, the FBI announced that no evidence had been found of a criminal act and closed its active investigation.

The four-year NTSB investigation concluded with the approval of the Aircraft Accident Report on August 23, 2000, ending the most extensive, complex, and costly air disaster investigation in U.S. history. The report's conclusion was that the probable cause of the accident was an explosion of flammable fuel/air vapors in a fuel tank, and, although it could not be determined with certainty, the most likely cause of the explosion was a short circuit. As a result of the investigation, new requirements were developed for aircraft to prevent future fuel tank explosions.

Transworld

Trans World or Transworld may refer to:

Companies

Trans World (video game)

Trans World is a business simulation computer game for the Commodore 64 published by Starbyte Software in 1990.

Summary

The player takes control of a new trucking company and competes against up to either three other human or computer players to make the most money. The game has two modes to choose from, a continuous play mode that plays indefinitely or a timed mode that runs a select number of turns. Players control all aspects of the company from purchasing new trucks to hiring mechanics to building new offices. Each round of the game controls one day of game time with each player taking a turn. Periodically, a random event will happen which can either help or hinder the player's company. Some events are offers to have goods delivered while others are sick days that skip the player's turn. The game ends when a player chooses to end it or when the selected number of rounds have been completed. The winner is the player with the most money at the game's end.

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