ATD – AA Bankruptcy Update, June 22, 2012

The TWU International held a conference call this afternoon to update all AA Local presidents on fast moving events surrounding negotiations between American and the Allied Pilots Association. The company has made some movement toward the pilot group and reduced some of their “ask”.

These fluid developments trigger the “me too” clause for the five work groups that accepted the company’s offer. Representatives from those groups will be meeting in Dallas next Tuesday and Wednesday to review the financial gains made by APA negotiators which invoked TWU’s negotiated “me too” clauses.

Events are changing rapidly with these negotiations and we expect more of the same throughout next week and possibly beyond. The judge expects to rule on June 29, but even that may be delayed.

The presidents were briefed today by ATD Deputy Director Bobby Gless and attorney Mark Richard. Additionally, the TWU has requested dates for M/R and Stores groups from the company and plan to get back to the table in the next few weeks. We are awaiting the company’s response.

We will keep you advised as the information becomes confirmed and available for distribution to our members.