Following up on yesterday’s bankruptcy court decision on the APA’s contract being abrogated in the Dallas Morning News blog and the Article referencing that the Creditors Committee statement that “American Airlines must have a pilots deal before leaving bankruptcy” (also below). First, the comment about needing an agreement with the pilots to exit bankruptcy was…
Day: September 5, 2012
Pre-Funded Retiree Medical Contributions – Letter from Don Videtich, 9-4-2012 to Local Presidents
Unfortunately we have had an issue with misinformation being disseminated to the membership and I have been receiving calls. The newly ratified TWU/AA agreements, approval of which is scheduled for hearing before the Bankruptcy Court next week, provides that TWU Members who are participants in the prefunding program will receive their own contributions plus investment…