TWA Wins Delay in Repossession of Aircraft:...
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From Times Staff and Wire Reports
TWA Wins Delay in Repossession of Aircraft: Trans World Airlines won extra time to stop a bank from repossessing aircraft and engines if the troubled carrier posted a $20-million bond. The U.S. 2nd Circuit Court of Appeals granted TWA a stay that could temporarily prevent Connecticut National Bank from taking back 10 jets and 62 engines that TWA has missed payments on.
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