Bobby Gless
Brothers & Sisters,
I wanted to give you a short update on the AMR Bankruptcy.
The voting deadline for creditors on the Plan of Reorganization ended yesterday and those votes will be counted and verified in the next day or two.
We’ll know the unofficial results in the next few days, but the actual court filing is due by August 9. Once filed, the confirmation hearing will go forward as scheduled for August 15th (which will approve the POR and begin the process to exit bankruptcy). The actual exit date is expected to occur by the end of October, if not earlier, and that date should trigger the 4.3 percent pay raise to our members.
Both the Creditors Committee and 1114 committee will stay in place to continue their process with the reorganization (the TWU will continue to have seats on both committees).
The actual approval of the merger by the antitrust department may not occur by the August 15 confirmation hearing date, but everything we are hearing is that once the DCA slot issue is finalized the merger will move forward.
At this time there is still no update on the company match to prefunding monies since the retiree medical adversarial hearing is still awaiting Judge Lane’s decision. We will let you know as soon as a decision is reached.
Fraternally,
Bobby Gless
Operations Coordinator
Office of the President
Transport Workers Union of America, AFL-CIO