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TWA GENERAL COUNSEL NAMED PRESIDENT-ELECT OF AMERICAN ARBITRATION ASSOCIATION

 TWA GENERAL COUNSEL NAMED PRESIDENT-ELECT
 OF AMERICAN ARBITRATION ASSOCIATION
 NEW YORK, March 31 /PRNewswire/ -- The American Arbitration Association (AAA) announced today that Mark A. Buckstein, senior vice president, general counsel and board member of Trans World Airlines, Inc. (TWA) has been selected to serve as executive vice president and to succeed Robert Coulson, president and CEO, upon Coulson's retirement in April 1994. It is anticipated that Buckstein will be elected as executive vice president at the annual meeting on April 7, 1992, but will remain with TWA through June in order to facilitate the reorganization initiated by that company's Jan. 31, 1992 Chapter 11 filing.
 A graduate of CCNY (B.S., Mathematics) and NYU Law School, Buckstein was a senior partner of the New York law firm of Baer Marks & Upham for nearly 15 years prior to joining TWA. Buckstein is also an Adjunct Professor of Law at Hofstra Law School where he has been teaching courses for the last 12 years on Corporate Governance and Commodity Futures Regulation.
 Commenting on the selection of Mark Buckstein, Robert Coulson stated that, "We are delighted to be able to provide the kind of dynamic and challenging environment which would attract someone of Mark's reputation, skill and commitment to the principles of the American Arbitration Association. I am looking forward to working closely with him over the next two years and feel confident that Mark will contribute significantly to the Association's ongoing efforts to encourage and advance the use of arbitration, mediation and other voluntary dispute resolution procedures."
 TWA chairman and CEO, Carl Icahn, offered that "... Mark has had a continuing interest in alternative dispute resolution; this represents the accomplishment of one of his longstanding goals -- to become involved in public service in an area of interest to him. While we certainly will miss his skills and talent, I am pleased that he will be with us for the next few months, and thereafter in an advisory capacity, in order to help expedite and complete TWA's reorganization."
 -0- 3/31/92
 /CONTACT: Laurie Kaufman of American Arbitration Association, 212-484-4040/ CO: American Arbitration Association ST: New York IN: SU: PER


TS-TQ -- NY061 -- 3417 03/31/92 12:30 EST
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Date:Mar 31, 1992
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