AA Bankruptcy Update This afternoon the TWU was in U.S. Bankruptcy Court to receive the judge’s ruling on the schedule of the hearing for AMR’s 1113 motion to reject AA’s labor agreements. The court did not set the trial date, but we know the case is moving rapidly. The court did indicate that the union’s…
Category: Bankruptcy
AMR Bankruptcy Update for March 28, 2012
American Airlines After AMR’s 1113(c) filing yesterday, there has been continued action on both sides to reach an agreement. On multiple occasions TWU work groups have met with company negotiators. There has been some progress, slow at times, but the talks are often frustratingly complex. The TWU Negotiating Committee’s and the company continued to exchange…
AMR Bankruptcy – Breaking News March 27, 2012
American Airlines Files to Reject Labor Contracts under Bankruptcy Code Section 1113 We understand that sometime today AMR will file its 1113 motion with the U.S. Bankruptcy Court in New York to reject all seven TWU labor agreements. AA’s filing does not affect our contracts immediately, but is the next step in the legal process.…
AMR Bankruptcy Update for March 24-25, 2012
American Airlines During this weekend, the TWU’s legal and economic advisors worked tirelessly expediting last minute reviews of AA documents, company explanations and analysis of TWU counter proposals. These cost analysis and labor proposals will be ready for presentation this week. Tom Roth, TWU’s labor economist, met with AA financial analysts on Saturday, reviewing their…
Motion of Debtors for Entry of Order Extending Time to Assume or Reject Leases
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…