The formula for distribution of stock to American’s unsecured creditors, including all labor groups, is complex and a number of members have asked for further clarification. The TWU has negotiated for our members to receive actual stock with considerable value. This stock will be distributed directly to our members as soon as American exits bankruptcy…
Month: July 2013
An Urgent Message to All TWU 514 Members and Co-Workers at American Airlines in Tulsa
Last week, a video was released with Eric Stone being scripted with misleading information on our Equity stake. We want you to know that the Teamsters are not telling you the truth. On their website, they claim they negotiated better equity deals at Global Aviation and YRCW. They say they made sure that the company…
Allegiant Air doesn’t show much allegiance to passengers, communities or employees
[youtube_video id=L-29T1DZ7ao] By THOM MCDANIEL SPECIAL TO THE LAS VEGAS REVIEW-JOURNAL Andrew Levy, president of Las Vegas-based Allegiant Air, said in a recent Wall Street Journal article that the discount carrier “wants to be considered the hometown airline of all the little cities around the country.” Meanwhile, Levy told Fox Business Channel that he…
Equity Distribution Update, July 3, 2013
Dear Brothers & Sisters: The TWU Equity Distribution Committee met on July 2, 2013 at the ATD office in Hurst, Texas to review the draft Power Point presentation (attached) as presented by your TWU Equity Distribution Committee, legal counsel and professional advisors. We discussed, in detail, the many comments and suggestions received from the TWU…