American Airlines

These are some clippings from the article: They (Companies) gab with unions that represent their workers and creditors and banks that hold their debt. Some even put out press releases telling the world just how well they’re doing. It ordered $38 billion worth of planes four months before submitting its Chapter 11 petition —...
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Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning.   View the video here
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Brothers and Sisters, As we all know, the AMR bankruptcy has exacerbated an already difficult time for our members. TWU recognizes the anxiety and fear inflicted by their actions on you and your families. Be assured, we are taking all actions possible to protect your job, your wages and benefits. On Wednesday Feb. 1,...
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Dear Brothers and Sisters, The following 1113 term sheets were provided to the TWU Negotiating Committees. Although narrow, we will do our best to mitigate the proposals. We are planning to review the Company’s Business plan with our attorneys and the financial analysts hired by President Little. The savings that the Company has proposed...
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Dear American Team: American Airlines Several weeks into our restructuring process we continue to make progress on a comprehensive plan to restore American to industry leadership, profitability, and growth. From my travels around the system and talking with so many of our folks, I know the fierce commitment we all share to making American...
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