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From Times Staff and Wire Reports

Icahn Seeks to Move TWA Deal Along: Chairman Carl C. Icahn has offered TWA’s international routes and a maintenance base as security to cover a pension fund shortfall of as much as $1.2 billion, the pilots union said. The Pension Benefit Guaranty Corp., the government agency that insures worker pensions, and the pilots union oppose the plan. That opposition has stalled progress on a previously announced deal that might be TWA’s last chance to emerge from bankruptcy court as a viable airline. The reorganization plan would transfer ownership of TWA to its unions and creditors and oust Icahn as chairman.

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