<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
--------
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): OCTOBER 24, 1996
TRANS WORLD AIRLINES, INC.
(Exact name of Registrant as Specified in its Charter)
<TABLE>
<S> <C> <C>
DELAWARE 1-7815 43-1145889
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
</TABLE>
ONE CITY CENTRE
515 N. SIXTH STREET
ST. LOUIS, MISSOURI 63101
(314) 589-3000
(Address, including zip code, and telephone number, including area code, of
Registrant's principal executive offices)
---------
<PAGE> 2
ITEM 5. OTHER EVENTS
On October 24, 1996, Trans World Airlines, Inc. (the "Company") announced
that the Company's president and chief executive officer Jeffrey H. Erickson
had informed the company's Board of Directors that he plans to leave his
position in January, 1997.
Mr. Erickson joined TWA in April, 1994, as president and chief operating
officer. He was named CEO in August, 1994.
"I am proud of the accomplishments of the people of TWA under my
leadership, which included a successful financial restructuring, six
consecutive quarters of improved year-over-year operating results, significant
growth in service at our St. Louis hub and the launch of an important fleet
renewal program," Erickson said.
"I have decided that it is time for me to move on. I look forward to
working with the Board during the next three months to select a qualified
successor and to effect a smooth transition," Erickson said.
"In 1994 the Board gave Jeff a very challenging assignment and he has
accomplished much of what TWA set out to do. We are grateful for his
leadership and service," said Thomas F. Meagher, chairman of the TWA board of
directors.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TRANS WORLD AIRLINES, INC.
Date: October 25, 1996 By: /s/ Richard P. Magurno
------------------------------------------
Title: Senior Vice President and General Counsel
<PAGE> 4
Exhibit Index
99.1 Press Release Announcing resignation
of Mr. Erickson
<PAGE> 1
EXHIBIT 99.1
[TWA LOGO]
FOR IMMEDIATE RELEASE October 24, 1996
CONTACT: John McDonald
314/589-3214
ERICKSON TO LEAVE TWA
ST. LOUIS, MO. - (OCTOBER 24, 1996) --- Trans World Airlines president
and chief executive officer Jeffrey H. Erickson has informed the company's
Board of Directors that he plans to leave his position in January, 1997.
Mr. Erickson joined TWA in April, 1994, as president and chief
operating officer. He was named CEO in August, 1994.
"I am proud of the accomplishments of the people of TWA under my
leadership, which included a successful financial restructuring, six
consecutive quarters of improved year-over-year operating results, significant
growth in service at our St. Louis hub and the launch of an important fleet
renewal program," Erickson said.
"I have decided that it is time for me to move on. I look forward to
working with the Board during the next three months to select a qualified
successor and to effect a smooth transition," Erickson said.
"In 1994 the Board gave Jeff a very challenging assignment and he has
accomplished much of what TWA set out to do. We are grateful for his
leadership and service," said Thomas F. Meagher, chairman of the TWA board of
directors.
# # #
