Trans World Corporation was the original name of the holding company set up to own Trans World Airlines.
History
In 1967,[1] when the airline sought to diversify into other areas of business, a key investment was Hilton International Hotels, the non-American interests of the Hilton Hotels chain. (Because of this split, the Hilton International chain had to call its hotels in America Vista, while future overseas locations of the American Hilton chain were called Conrad International. This operation was later sold by Trans World Corporation while under the leadership of Charles C. Tillinghast Jr. the CEO of TWA and the first known to receive a golden parachute employment contract.
In 1979, Trans World Corporation was created as a holding company for Trans World Airlines, the Hilton International hotel business, Canteen Corporation, and later Century 21 Real Estate and Spartan Food Systems, a Hardee's franchisee.[2]