Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, July 14, 1993 TAG: 9307140063 SECTION: BUSINESS PAGE: B-6 EDITION: METRO SOURCE: Associated Press DATELINE: NEW YORK LENGTH: Short
William Howard, whose appointment was announced Tuesday, appears to fit the description of an Howard airline luminary who creditors and union officials wanted to run the company once they complete their bailout of TWA.
Although Howard, 71, isn't particularly well known, he is highly regarded on Wall Street and by unions, who speak glowingly of his history in the airline industry.
Howard "made Piedmont a class act without stepping on employees," said Jim Conley, spokesman for the Machinists union. As part of the reorganization, TWA's unions would own 45 percent of the company and creditors will control the rest.
For TWA, a shadow of the airline that was once synonymous with premier service and broad reach, a highly regarded leader can restore some of its stature and value, once its stock resumes trading after the reorganization.
by CNB