TWA GETS REPRIEVE FROM REPOSSESSION OF JETS.(Business)

Byline: Associated Press

Trans World Airlines won extra time Tuesday to stop a bank from repossessing aircraft and engines, but only if the troubled carrier posted a $20 million bond.

The 2nd U.S. Circuit Court of Appeals granted TWA a stay that could temporarily prevent Connecticut National Bank from taking back 10 jets and 62 engines that TWA has missed payments on.

TWA, which is trying to reorganize its business without landing in bankruptcy court, had said previously it was close to reaching an agreement with the bank. The bank has declined to discuss any negotiations.

Neither side would immediately comment on Tuesday's ruling from a …