Day: December 4, 2015

AA Equity Q&A, December 4, 2015

How much equity did TWU hold back? TWU held back 14% of the equity. Why did TWU hold back 14% of equity? It was estimated that this would permit TWU to satisfy any judgment obtained by plaintiffs, while also covering legal and administrative expenses incurred. Where is the reserve fund being currently held? TWU has…

Association Presents Positions/Proposals to American

  Brothers and Sisters, Yesterday I attended the opening meeting of negations with American Airlines and the TWU-IAM Association in Dallas Texas. After months of working to reconcile language with the IAM it has been highly anticipated by myself as well as all local 514 members that the company would be prepared to hand us their “Delta Plus…