The Debtors filed a motion asking the Court to extend the initial period granted by the Bankruptcy Code to assume (keep) or reject (terminate) nonresidential real property leases. Section 365(d)(4)(B) of the Bankruptcy Code gives a debtors 120-days to assume or reject unexpired leases of nonresidential real property (the “Lease Rejection Period”). Absent the requested…
AMR Bankruptcy Update for March 23, 2012
All TWU Negotiating Committees representing American Eagle work groups met internally today and began their pre 1113 data requests. Some committee’s are preparing questions regarding the term sheets presented by the company yesterday. The Eagle staff discovered one error in the Fleet Service term sheet regarding health benefit eligibility. The revised term sheet is posted…
Sec. 1113. Rejection of collective bargaining agreements
Sec. 1113. Rejection of collective bargaining agreements (a) The debtor in possession, or the trustee if one has been appointed under the provisions of this chapter, other than a trustee in a case covered by subchapter IV of this chapter and by title I of the Railway Labor Act, may assume or reject a collective…
AMR Bankruptcy Update for March 22, 2012
American Airlines The TWU Negotiating Committees continued meeting internally and with AA over the last two days. Although progress was made on some articles, there are many discrepancies between the company’s numbers and ours. TWUs financial analyst, Tom Roth, met with the Fleet Service and Maintenance and Related committee’s to review their numbers and counter…
AMR – Court Update 3/21/2012
On March 16, 2012, by an agreement between the Allied Pilots Association (the “Pilots”) and the Debtors authorized the Official Committee (the “Committee”) of Unsecured Creditors to intervene in the adversary proceeding commenced by the APA on February 28, 2012. The Pilots seek a determination that section 1113 of the Bankruptcy Code did not apply…
American Eagle Update, 3-21-12
American Eagle officers presented the company’s overview of the carrier’s status to all three labor groups this morning at Flagship University. The labor groups represent a majority of American Eagles employees. The TWU, AFA and ALPA accompanied by their attorneys and economic advisors gathered in the Flagship Auditorium to hear the company’s business reorganization plan…
The 99% Must Succeed
Brothers and Sisters,Last week I attended the annual AFL-CIO Executive Council meeting in Florida. This meeting brought together union leaders from across the country and served as a catalyst to address many of the challenges we face as workers in the middle class today. Most importantly, it created the opportunity to adopt numerous policy statements…
TWU To Hold Media Briefing Wednesday on Fate of American Eagle as a Result of AMR’s Bankruptcy
Ft. Worth, Texas—On Wed., Mar. 21, the Transport Workers Union (TWU) will brief the media on AMR’s business plan and changes to working conditions affecting TWU workers at American Eagle. The union also will discuss next steps in the bankruptcy process and actions TWU intends to pursue. The briefing will follow meetings earlier in the…
Letter from Sam Cirri, March 20, 2012
Your negotiating committee has been working on your behalf to make the company and the legal system understand the value you bring to this company. In doing so, we have enlisted many experts, i.e. Bankruptcy and Labor Attorneys, economists, Health Insurance specialists, etc. As you know, the Local 514 membership has a large stake in the outcome…
Tell us your story…
We are looking for families willing to have their picture taken and tell their story on how American Airlines’ bankruptcy has and could effect them. We are looking to use them for the “I Support American Jobs.com” Pledge site. Please contact the Union Hall at 918 437-4300 if you are interested. We will be setting…