Today, TWU Stores and Maintenance and Related negotiators met again with the Company.
While the talks were intense, critical information was needed by the TWU teams before any final decisions could be made. That information is still pending. AA indicated it would have the data to the union’s experts as soon as possible.
Once the information is provided, negotiators believe each work group will be in a better position to make key decisions. Since the teams were unable to go forward without this analysis, negotiations with the Company are scheduled to reconvene on Monday morning, July 9 at Flagship University in Dallas.
We will keep you posted as soon as any news becomes available. Have a safe and happy 4th of July.
Court Update for July 3, 2012
By order dated March 22, 2012, the Court granted the Debtors (AMR) a six-month extension of the initial 120-day period during which the Debtors have the exclusive right to file a chapter 11 plan and the 180-day period to obtain acceptances of the plan through and including September 28, 2012 and November 29, 2012.
The Debtors and the Committee filed a joint motion to extend the exclusive periods to and including December 28, 2012 and February 28, 2013, respectively, to permit the Debtors, among other things, to continue to work on their business plan and labor and retiree benefit issues and for the Debtors and the Committee to look at strategic alternatives. The motion is scheduled for hearing on July 19, 2012 at 10:00 a.m. (Eastern), with objections due by July 12, 2012 at 4:00 p.m. (Eastern).