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…
Category: American Eagle
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…
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…
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…
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…