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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Klein who wrote (16575)	10/2/1998 4:38:00 PM
From: StormRider	Read Replies (1) \| Respond to of 53068

Chat TWA: Man, this stock is acting like the airline is going bankrupt again or something. What am I missing? I know the airline industry is somewhat cyclical and the smaller caps tend to trash out more in times like these, but, give me a break. Maybe as this gets too close to $5, investors who are on margin start to panic... Anyway, here's the latest news from TWA. Is this a real negative?? I would think this bodes well for TWA's growth... City in way of St. Louis airport plan sues Reuters Story - September 30, 1998 21:04 CHICAGO, Sept 30 (Reuters) - A St. Louis suburb that stands to lose a third of its land to an expansion of Lambert-St. Louis International Airport filed a lawsuit Wednesday seeking to stop the project. Bridgeton Mayor Conrad Bowers said the lawsuit was filed in the circuit court of the city of St. Louis, claiming St. Louis officials were taking away the constitutional rights of Bridgeton residents to determine how its land is used by expanding the airport onto land not zoned for airport use. The filing of the lawsuit came only hours after the Federal Aviation Administration announced final approval of a $2.6 billion, 10-year plan to build a new runway, add terminal space and make other improvements to the airport, which is the hub for Trans World Airlines . "In approving this project, the FAA gave its blessing to a technically flawed airport expansion plan which cannot safely provide the additional capacity we need," Bowers said in a news release. He added that Bridgeton would also sue the FAA in federal court for failing "to fully and fairly assess" other alternatives for expanding Lambert. Meanwhile, government and business leaders from the St. Louis area hailed the FAA's approval of the project as vital to the region's economy and one of the largest infrastructure projects in Missouri's history. According to a timeline for the project, land acquisition and design work would start this fall, with runway construction slated for the spring of 2001. Completion of the runway is expected by winter of 2004. The project would double passenger terminal space to accommodate 42 million travelers, add 20 or more gates and increase take-off and landing capacity, according to an airport fact sheet.