Saudi prince's TWA investment earns $10 million in 11 months
Saudi Prince Al Waleed's acquisition March 18, 1997, of a 5% interest in then-distressed TWA makes his predictions of the company's recovery profitable.Shares of TWA, priced at $6.88 when he bought 2.09 million shares, traded at $11.56 on Feb. 9. After 11 months, the prince's $14 million investment...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
