This letter will confirm our understanding relative to the implementation of the Early Out Letter of agreement contained within the recently ratified AA/TWU Fleet Service agreement. As you know, in accordance with the “Me,too” provision, the Company cannot implement the new terms and conditions of the restructured agreement until such time consensual ratified agreements have…
Category: Bankruptcy
Stores March 22, 2012 Term Sheet vs. July 10, 2012 Tentative Agreement Explained
How we got here American Airlines entered in to bankruptcy on November 29, 2011 Each major employee group union and non-union were required to make cost cuts that would equate to $1.25 billion annually. The five major groups were each targeted to be responsible for 20% of the $1.25 billion. Stores was responsible for $18.1…
SUMMARY OF TERMS UNDER CHAPTER 11 EXIT AGREEMENTS
US Airways Enter – August 2000 Exit – September 2005 (1113c Agreement) United Airline Enter – December 2002 Exit – January 2006 (1113c Agreement) Northwest Airlines Enter – September 2005 Exit – May 2007 (Strike Settlement) American Airlines Enter – November 2011 Exit – ???(Tentative Agreement) 1. Contract Duration 7 yrs. 6 mos. 7/1/02…
The TWU-ATD mailed out the Voting Instructions last Friday
The TWU-ATD mailing will contain your Activation Code. We should be seeing them in the mail soon. I have appended the following voting information that came from the http://twubkfacts.org/ website. TA Voting Instructions To vote, follow the instructions below. You may vote as many times as you like, using either the telephone or Internet, only your last vote will be…
Mechanic & Related March 22, 2012 Term Sheet vs. July 10, 2012 Tentative Agreement Explained
20120710 – MR Tentative Agreement Presentation Final – Rev 2 July 10, 2012 Tentative Agreement How we got here American Airlines entered in to bankruptcy on November 29, 2011 Each major employee group union and non-union were required to make cost cuts that would equate to $1.25 billion annually. The five major groups were each…
Bankruptcy – Common Questions and Answers July 19, 2012
Earlier in the year we provided answers to certain questions on the bankruptcy procedure. These answers have not changed, but for the convenience of the membership we think it is helpful to reiterate the answers to the most common questions. We have also added a question and answer regarding recently negotiated arrangements for the payment…
Comparison of M&R Bankruptcy Agreements
This document is not intended to be a comprehensive comparison. It is intended to highlight major economic changes only. American TWU (July 2012) United AMFA (2nd bankruptcy agreement May 2005)* Northwest AMFA (Dec. 2005) US Airways IAM (2nd bankruptcy agreement Jan. 2005)** Duration 6 years, 48 month early opener 2005 – 5 years, 51 month…
Court Update for July 19, 2012
Hearing on the application of Jenner & Block to serve as counsel the section 1114 committee This morning the court approved the retention of Jenner & Block to serve as counsel the section 1114 committee. Hearing on motion to extend exclusivity This morning the court granted the joint motion American and the official unsecured creditors…
TA Overview and Q&A – Locations Updated 7-18-2012
All meetings will begin about 7AM, except Special Membership Meetings which will be held at 7:15 AM, 11:45 AM and 3:45 PM. Jul 18 Hangars 1 & 2 2D Conf Room (2D, 2nd Level) Jul 19 Hangars 3 & 4 MD 80 Product Team Conf Room (Mezzanine Level, column E8-9) Jul 23 Hangars 5 &…
Letter from Garry Drummond, ATD Director to M&R and Stores, 7-16-2012
TO: ALL TWU MECHANIC & RELATED AND STORES AMERICAN AIRLINES MEMBERS You have the opportunity to consider the full text of the proposed tentative agreement between the TWU and American Airlines covering our mechanic & related and stores membership. If the agreement is approved, the Company will withdraw its motion to reject our collective bargaining…