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Trans World Airlines has completed a private sale of securities, giving it a $50 million cash infusion. The airline has been to bankruptcy court twice and is struggling after the crash of its Flight 800 off Long Island, N.Y., last July. Last month, it announced a 1996 loss of $284.6 million. TWA needs to bolster its reserves, which stood at $181.6 million at the end of 1996.
