The premise of your editorial”The AMR Union Warning” (Dec. 1) about AMR’s bankruptcy filing—that workers and unions are unwilling to address changing circumstances—is simply false. In 2003, responding to industry challenges following 9/11, members of our union and other workers at American Airlines and American Eagle agreed to reduce our compensation by billions of dollars.…
Category: American Airlines
Skadden Tapped as Official Creditors’ Counsel in AMR Bankruptcy
Skadden’s appointment in the case—confirmed by a firm spokesman—came several hours after its lawyers and those from the other firms being considered for the coveted AMR role made their pitches to creditors’ committee representatives in a packed conference room at the Sheraton New York Hotel in midtown Manhattan. The other firms vying for the assignment…
AA Bankruptcy Q&A from the TWU ATD
1. What about My Pension? As a safeguard against the risk that a defined benefit pension plan may contain insufficient funds to pay the promised benefits to workers upon retirement, a federal statute, ERISA, imposes minimum funding standards on plan sponsors. ERISA also established a pension insurance program that guarantees that retirees receive at least…
TWU has earned a seat on the Creditors Committee
Dear Brothers and Sisters, Today, The U.S. Bankruptcy Trustee made the right call as we have earned a seat on the creditors’ committee as the company goes through a Chapter 11 restructuring. Thirty thousand TWU members are critical to the current and future operations of American Airlines and American Eagle. AMR, the parent company of…
The Public and Congress should be Up in Arms over the Bankruptcy Filing at the airline called “American”
By James C. Little AMR, parent of American Airlines and American Eagle, filed for bankruptcy last week even though the company is sitting on $4.1 billion in cash and is able to pay its bills. AMR’s ads in USA Today and the poor excuse for news coverage on network television last Tuesday would lead an…
Understanding the American Airlines Pension Plan on Jetnet
Just a few clicks to your pension estimate page on Jetnet: 1. Log into Jetnet 2. Click on “Benefits” directly below the Jetnet logo on the masthead 3. Click “Benefit Service Center” at the top of the blue navigation pane on the left side 4. Click on ” My Pension” on the masthead 5. Select“EstimateYourPension”…
Do you have a question that has not been answered on the website?
In case you do, we have provided your questions to the international. Those that we can answer locally have been. Please take some time and read through the http://aa.twu.org site, the PCGB site and if you still have questions, submit them HERE. We understand your need for answers, we feel the same as you. ,…
Court Update 12/1/11 – AA Bankruptcy
The Debtors scheduled a hearing on December 13, 2011 at 2:00 PM on the following motions: Interim Order (I) Authorizing Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 546(c) Establishing and Implementing Exclusive and Global Procedures for Treatment of Reclamation Claims Interim Motion of Debtors for Entry of Order…
American bankruptcy could affect Okla. Workers, Bloomberg Buisnessweek, 11-29-11
By TIM TALLEY OKLAHOMA CITY The salaries and benefits of workers at the American Airlines maintenance facility in Tulsa could be at risk now that the airline’s parent company is seeking bankruptcy protection, officials of the workers’ union said Tuesday. Rick Mullings, international organizer for the Transport Workers Union of America Local 514, said he…
James C. Little Letter to Senators on AA bankruptcy, 11-30-11
Dear Senator: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you may…