Day: December 6, 2011

Court Update 12/6/11 – AA Bankruptcy

The Debtors filed a motion to reject 24 aircraft and engine leases. Specifically, the Debtors seek to reject aircraft and engine leases with the following parties: AWAS Aviation Services Banc of America Leasing & Capital, LLC Bank of America, N.A. Bank of Utah City National Bank Deutsche Bank Trust DFO Partnership Jetscape Inc. John Hancock…

AMR Creditor Panel Risks Split Over Labor With Unions Holding Three Seats

American Airlines’ disputes with its three largest unions may resurface in bankruptcy after the labor groups won seats on the creditors committee for parent AMR Corp. Unions for the carrier’s pilots, flight attendants and mechanics join the panel after failing to reach new contract agreements with American in negotiations that began as far back as 2006. American parent AMR…

Special Membership Meeting

SATURDAY, DECEMBER 10, 2011 11:00 AM SPIRIT EVENT CENTER 10441 South Regal Blvd. Tulsa, Oklahoma 74133 [ 105th Street & Memorial Drive ] Agenda Bankruptcy Q&A Special Guests: Attorney Mark Richards will address bankruptcy issues Retirement Counselor Mark Loeber will speak on retirement Sam Cirri, President   Special Meeting 2011-12-10 Posting

3 senior executives leaving American Airlines

DALLAS (AP) — The exodus of top leaders at American Airlines is growing a week after parent AMR Corp. filed for bankruptcy protection. American Airlines said Tuesday that three senior executives will leave the company on Dec. 31. The airline’s top operations officer and the vice president for employee relations will retire, and the chief…

It Wasn’t the Union That Caused AMR’s Bankruptcy

The premise of your editorial”The AMR Union Warning” (Dec. 1) about AMR’s bankruptcy filing—that workers and unions are unwilling to address changing circumstances—is simply false. In 2003, responding to industry challenges following 9/11, members of our union and other workers at American Airlines and American Eagle agreed to reduce our compensation by billions of dollars.…

Skadden Tapped as Official Creditors’ Counsel in AMR Bankruptcy

Skadden’s appointment in the case—confirmed by a firm spokesman—came several hours after its lawyers and those from the other firms being considered for the coveted AMR role made their pitches to creditors’ committee representatives in a packed conference room at the Sheraton New York Hotel in midtown Manhattan. The other firms vying for the assignment…