Originally Posted by B757200ER
Mergers are expensive, but AA certainly got a bargain in buying TWA, which they paid $750 million for a $2.5 billion-asset-rich airline, then eliminated almost all TWA employees. APA could'nt do much about that one, either, but their members certainly reaped great benefits and a windfall in seniority over it.
Don't forget about TWA's debt(in the billions), the $750 million was just the cash payment, the whole deal cost far more! What exactly were the "great benefits and a windfall in seniority?"
