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Show Al6é The Salt Lake Tribune NATION Sunday, March 11, 2001 TWAAwaits Federal Judge’s Ruling on American Airlines Deal Carrier faces liquidation if sale is not approved, chief executive says KNIGHT RIDDER NEWS SERVICE WILMINGTON,Del. — Monday looms as crucial for Trans World Airlines as it faces liquidation unless a federal bankruptcy judge approves sale ofthe carrier’s assets to American Airlines. TWA Chief Executive Bill Compton testified Saturday that TWA would “deteriorate very significantly”if there were any delay in American’s purchase. About $92 million in airplane lease payments are due Monday. “Basically, we would be forced into Tanioetionsa said. “Almost immediat TWAis hopingeet Judge Peter Walsh approves American’s offer to pay $742 million for the airline and to assume about$3.5 billion in lease obligations and other debt. American would take over TWA’s WEST ST. PAUL, Minn. Hundreds turned out Saturday to say goodbye to former Minnesota Gov. Harold Stassen, a liberal Republican whoalsoran for president nine times. ButIcahn is still trying to preserve a special arrangement he has Ryaishon criticized a proposal Friday from a group led by former with TWAto buy tickets at 55 cents TWAChairman CarlIcahn to take over TWA under a $1.1 billion reorganization plan. Walsh called the plan untimely and incomplete. operation. Most observers expect Walsh to service Monday, spokesman Mark Abels said. “We are not preparing to shut down,” Abels told reporters Saturday during a break in testimony. Walshsignaled his inclination was the onlyoffer that appeared to Saturday, Compton called Ameri- can’s bid “the best possible alternative” for the company and Outside Satttake ! comma| Toll Free 1-877-362-8776» ——— - Wircomon 1 has not operated at a profit for 12 years and has been unprofitable at all but a few stages over the past 30 years. The deal must be approved by theantitrust division ofthe Justice Department. Compton said he hoped the deal could be closed by late March orearlyApril. a @ Fe ete a black man as his: assistant in Anxious? UNDETECTABLE HEARING AID... Something so tiny, but so Audible! Dr. James M. Ferguson,M.D.is looking for volunteers to participate in a research study ofan investigational medication for anxiety. Must be at least 18 to 50 years of age with the following symptoms: helping craft the U.N.charter. Whenhetook the job as president of the University of Pennsyl- vania, he asked the coach why the football team had noblackstudents. Told there were no qualified applicants, grandsonBill Stassensaid, he told the coach: “‘Next year, there will be qualified applicants.” “And the coach said ‘Whatif there aren’t?” “My grandfather said, as a pilot in 1968, said the airline : $7500. : 355-8719 to approvethe bid through the two days of hearings. He indicated it on the dollar and sell them on the Internet. TWAhas filed a motion to nullify that agreement, which Walsh plans to rule on Monday. American said earlier that it won't buy TWAif it has totakeon the Icahn contract, which TWA eewas a money loser. In his three-hour testimony AIR DUCT CLEANING WHOLE House: Ai, approve the sale, and TWA had no plans to notify employees or customers ofa possible suspension of Stassen, Perennial Presidential Candidate, Former Minnesota Governor, Laid to Rest ‘THE ASSOCIATED PRESS pind lamin ackeencanes ents! creditors. -Compton,who firstjoined TWA Tension ¢ Insomnia ¢ Frequent worrying Dry mouth Irritability Feeling on edge Qualified participants will be compensatedfortheirparticipation. PHARMACOLOGY RESEARCH CLINIC ‘Then there will be a new coach.’” The next year, there were two A Division Pi Trials . srosipestaeelcs black football players on the team. the age of 98. He Stassen was 31 whenelected to thefirst of three two-year terms as governor 448 East 6400 South 261-9093 Suite 200 Salt Lake City, Ur in 1938, making him Minnesota’s youngest governorever. In April 1943, he resigned and joined the Navy, where he served in the Pacific as assistant chief of staff to Adm. William Halsey. Former President Franklin Roosevelt appointed him to the U.S. delegation to the meeting that drafted the United Nations charter. Stassenfoughtfor racial justice, integrating blacksinto the Minnesota National Guard and choosing G ff THINK IT'S ROUGH DRIVING ON THE STREETS? IMAGINE Volunteers LIVING ON of America» THEM. Utah DONATE ONTH, MAKE UNLIMITED TRIPS TO LOOR FROM THE GROCERY AISLE. Your Carto VOLUNTEERS OF AMERICA, UTAH Donations are tax deductible to the maximum extentofthe law. 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