TWA Says It Will Move It's Headquarters From Mount Kisco
Oct. 22, 1992
MOUNT KISCO, N.Y. (AP) _ Trans World Airlines is making plans to leave its suburban New York corporate headquarters to relocate near one of its airport operations.
TWA spokesman Don Fleming said Thursday that the airline, which is reorganizing in U.S. Bankruptcy Court, is considering three areas - St. Louis; Kansas City, Mo., or New York.
TWA has its major domestic hub in St. Louis and already employs about 7,000 there. Aside from airport operations in Kansas City, the company has its administrative center and a maintenance base there.
The company is also considering the area near New York's LaGuardia Airport or John F. Kennedy International Airport, where it has a domestic and international operations and its crew base.
The Mount Kisco site employs 300 people, Fleming said.
Mount Kisco is the home of Carl C. Icahn, who owns 90 percent of the company and is turning the airline over to creditors and employees as part of the reorganization.
Fleming said the sale agreement calls for the airline to leave Mount Kisco and that interim managers decided the airline should be closer to its airport operations.
TWA has until Nov. 30 to file its final bankruptcy reorganization plan with the Bankruptcy Court in Wilmington, Del.
In another cost cutting move, starting Friday, TWA will lay off 416 telephone reservationists based in Manhattan.
A small percentage of the reservationists agreed to move to relocate to St. Louis, 12 others took early retirement and others will work part time at Kennedy Airport, according to Fleming.