St. Louis Civic Progress companies commit to advance ticket purchase from TWA.ST. LOUIS--(BUSINESS WIRE)--March 13, 1995--Member companies of Civic Progress, an organization of the chief executive officers of St. Louis' leading corporations, have announced their commitment to prepurchase up to six months worth of travel from Trans World Airlines Trans World Airlines, commonly known as TWA, was a major American airline company that was acquired by American Airlines in April 2001. For many years it was headquartered at the Kansas City Downtown Airport, as well as midtown Manhattan in New York City. to demonstrate their confidence in the airline's future. The advance commitment represents nearly 11,000 business trips during that period for these companies, which will help St. Louis-based TWA TWA Time-weighted average, see there as it continues to move forward with its financial restructuring. "TWA is vital to the St. Louis economy," said Andrew E. Newman, chairman of Edison Brothers Stores Inc. and president of Civic Progress. "The airline made a strong commitment to St. Louis when it moved its headquarters here in 1994 and has made significant strides in improving both its finances and operations. This advance ticket purchase commitment is a demonstration of our confidence in TWA's new management team as it continues to complete its long-term financial restructuring." Jeffrey H. Erickson, president and chief executive officer of TWA, said he was extremely gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the action taken by St. Louis' largest businesses. "This strong show of civic and business support - taken after a detailed review of our operations and finances - can only bolster the traveling public's confidence in TWA as we work diligently to complete our financial restructuring, a crucial step toward our long-term success." "While these tickets do not represent incremental revenue to TWA, the commitment is a significant vote of confidence in our airline from some of our largest customers," added Robert A. Peiser, executive vice president of finance and chief financial officer of TWA. "All 23,000 TWA employees worldwide, especially the 7,200 who call St. Louis home, sincerely appreciate this demonstration of support from some of our best customers," said Mark Coleman Mark "The Hammer" Coleman (born December 20, 1964) is an American mixed martial arts competitor, former NCAA National Champion Wrestler from Ohio State University, and former Olympic amateur wrestler. , TWA's senior vice president,marketing. "We want to assure them that we will continue to focus all of our efforts on improving our service and ensuring that they can be proud to call TWA their home town carrier." TWA is the primary carrier from Lambert International Airport in St. Louis with more than 300 daily departing flights, representing roughly 70 percent of all St. Louis enplanements. St. Louis is not only headquarters to the nation's seventh-largest carrier, but also its primary hub. Civic Progress has been working with the region's elected officials for more than six years to secure continued hub airline service in St. Louis through an organization called the St. Louis Partnership for Air Service. "The hub is important to our city's future," Newman said. "Our members believe that the best way to assure hub service is to protect the long-term viability of TWA. We are impressed with TWA's commitment to service. Our support only further cements the already strong bond between TWA and the St. Louis business community." Civic Progress members participating in the advance ticket purchase program include: Anheuser-Busch Cos. Inc.; Boatmen's Bancshares Inc.; Brown Group Inc.; Edison Brothers Stores Inc.; Edward D. Jones Edward D. Jones, Sr. (July 29, 1893-October 10,1982) was an investment banker born in St. Louis. He graduated from Bellefontaine High School in Bellefontaine, Ohio in 1913, then from New York University in 1916. After graduating from NYU, Jones was employed by N. W. & Co.; A.G. Edwards & Sons Inc.; Emerson Electric Co.; Enterprise Rent-a-Car; General American Gen·er·al American n. The speech of native speakers of American English that many consider to be typical of the United States, noted for its exclusion of phonological forms readily recognized as regional or limited to particular social groups and for Life Insurance Co.; Jefferson Smurfit Corp.; Laclede Gas Co.; Mallinckrodt Group Inc.; Maritz Inc.; The May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. Co.; McDonnell Douglas McDonnell Douglas was a major American aerospace manufacturer and defense contractor, producing a number of famous commercial and military aircraft. It merged with Boeing in 1997 to form The Boeing Company. Corp.; Mercantile Bancorporation Inc.; Monsanto Co.; Ralston Purina Co.; Schnuck Markets Inc.; Southwestern Bell
Southwestern Bell Telephone, L.P. Telephone Co.; Sverdrup Corp.; Union Electric Co.; and Venture Stores For the defunct Australian Chain of stores see Venture (department store). Venture Stores, Inc., was a former chain of retail stores that operated in the American Midwest. The company operated over 70 stores, and was based out of the St. Inc. CONTACT: Al Kerth, 314/982-9167 Don Fleming, 314/589-3116 |
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