The Fort-Worth-based AMR Corporation, parent company of American Airlines, has initiated a $500 million buyout of Trans World Airlines (TWA), the nation's longest flying carrier. TWA filed for Chapter 11 bankruptcy protection on Wednesday, citing high fuel prices as a major factor in its financial decline. In addition to the merger with TWA, American is also acquiring certain US Airways assets and...

In April 2010, US Secretary of Transportation Ray LaHood announced the creation of the Future of Aviation Advisory Committee. The focus of the Committee's work is to "provide information, advice and recommendations to the Department on ensuring the competitiveness of the U.S. aviation industry." First-time visitors should note that the homepage contains links to the Committee's charter, committee...