The Russian airline Transaero was reported yesterday to be part of a group bidding to take over the financially troubled U.S. airline TWA. According to a report in USA Today, Transaero is working with a New Jersey investment firm, Strategic Capital Group. The deal would give TWA access to European markets and Transaero a base in the U.S. Shares of TWA common stock jumped by more than 13 percent yesterday on the news. (UPI, January 30)
Baturin "Bewildered" by Redeployment Plans of U.S. Troops in Japan.