AIRLINES

TWA Gets an Extension: A U.S. bankruptcy judge granted Trans World Airlines Inc. 60 more days to file a reorganization plan without competition from other proposals. Judge Helen Balick in Wilmington, Del., extended TWA’s exclusivity period after an attorney for the airline said it was near an agreement that would transfer control to unsecured creditors and unions. TWA’s plan would give employees 45% of common equity in the airline in exchange for 15% in wage, benefit and work rule concessions, worth about $200 million a year. TWA’s creditors would receive debt securities, preferred stock and 55% of the common equity.