Stipulation between American Airlines and Morgan Stanley Capital Group Inc. The Debtors have proposed to enter into a stipulation with Morgan Stanley Capital Group Inc. (“Morgan Stanley”). According to papers filed with the Court, Morgan Stanley and American Airlines, Inc. (“American”) are parties to a derivatives contract (the “Contract”) that allows American to hedge certain…
Day: December 13, 2011
Court Update 12/13/11 – AA Bankruptcy
The Court has granted the following motions: Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 546(c) Establishing and Implementing Exclusive and Global Procedures for Treatment of Reclamation Claims [Docket No. 13] Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 503(b)(9) Establishing Procedures for…
TWU President Gives Wall Street Journal a Reality Check
In a letter to the paper published last week, President Little said, 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…
Post 1113C Committee, Letter to Jim Little, from ATD Garry Drummond
Per the instructions of the IAC letter, the negotiating committees have appointed the following people to the Post 1113C Committee: NAME Local Craft & Class David Virella 501 Fleet Service Donald Dougherty 513 Facilities Maintenance John Hewitt 514 M&R – Base Jason Best 514 Mntc. Control Technicians Jim Fudge 541 Simulator Technicians Mike Cook 541…