It is true American did file for Chapter 11 Today. We are all waking up to bad news, but at this point our contracts are in tact until further notice. Arpey has retired and Horton has taken the position of CEO of AMR. Negotiations have been put on hold until further notice. We are gathering…
Day: November 29, 2011
AMR Files for Bankruptcy Protection in New York as Talks With Pilots End
American Airlines parent AMR Corp. (AMR) filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S. With the filing, American became the final large U.S. full- fare airline to seek court protection from creditors. The Fort Worth,…