Day: July 24, 2014

Correspondence on the prefunding contributions and the 1114 process

Reply  from Paul D. Jones Senior Vice President and General Counsel, American Airlines To David Virella , TWU-ATD  AA System Coordinator This will respond to your letter dated June 24, 2014, to Steve Johnson and me regarding the employer-matching portion of the prefunding contributions that were made to the TWU VEBA. The employee-paid portion of the VEBA contributions were returned to active employees in accordance with the collective bargaining agreements the TWU reached with American Airlines in September 2012, and, by the terms of those agreements, the employer prefunding contribution is to be distributed to active employees only “upon successful resolution of the…