By Email and USPS Certified Mail Linda Puchala, Chairman Elizabeth Dougherty, Member Harry Hoglander, Member National Mediation Board 1301 K Street, N.W., Suite 205E Washington, D. C. 20005-7011 Re: American Airlines and Transport Workers Union of America AFL-CIO Seven Contract Groups Dear Chairman Puchala and Members Dougherty and Hoglander: I write on behalf of the…
Category: Bankruptcy
AMR – Court Update 3/8/2012
On March 8, 2012, AMR filed a motion pursuant to section 1121(d) of the Bankruptcy Code requesting an extension of their exclusive period to file a chapter 11 plan from March 28, 2012 through and including September 28, 2012 and their exclusive period to solicit acceptances of such plan from May 29, 2012 through and…
Termination vs Freeze of Defined Benefit Plan
AMR has agreed to “freeze” the Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union (TWU) of America, AFL-CIO (“the Plan”). This is the alternative to terminating the Plan and turning it over to the Pension Benefit Guaranty Corporation (“PBGC”). Keeping the Plan up and running is advantageous to…
TWU Wins Freeze of Pension Plans at American Airlines
Dallas — In a major development in the ongoing AMR bankruptcy case, TWU members at American Airlines have won a freeze of current pension plans. “The company initially wanted to terminate our pension plan, shift the cost to the government, and put our members at risk,” said TWU International President James C. Little. “Our negotiating…
Leap Year Rally
TWU Local 514 members, retiree’s, and others from the community participated as part of a nation wide picket at the Tulsa International Airport, Wednesday, February 29th. Several thousands of our members and supporters around the system conducted similar pickets. The purpose of this Rally was two fold: First and foremost was to raise awareness of…
Bankruptcy Update, March 2, 2012
TWU Negotiating Committee Update All title groups continued with the bankruptcy negotiations throughout this week. The goal is clear…mitigate the company’s TWU “ask” of over $390 million, including about 9,000 layoffs. Your Negotiating Team leaders analyze the documents, data and business plans. The various experts retained by TWU, assist them as we bargain at a…
AMR – Court Update 3/1/2012
The Bankruptcy Court approved the debtors’ applications to retain and employ Skyworks Capital, LLC as an aircraft restructuring advisor, McKinsey Recovery & Transformation Company, Inc. Japan as a management consultant and Boston Consulting Group, Inc as a strategic consultant including to review and streamline the debtors’ management structure. As to Boston Consulting Group, Inc., the…
Good faith Bargaining?
This is the APFA Update for Feb. 28th… American Airlines continues to make its commitment to busting organized labor on its property crystal clear. Yesterday, the airline’s parent company revealed in its Statement of Financial Affairs an expenditure of nearly $400,000 to a firm that specializes in union busting. American Labor Relations Services, which according…
Interesting tidbits from the AMR/American Airlines bankruptcy case
SOURCE: Dallas News You can find out interesting things in the AMR/American Airlines bankruptcy filings When a company files for Chapter 11 protection under the federal bankruptcy code, it has to disclose a lot of things. That’s true for AMR, American Airlines and the various other subsidiaries. Some of those things are interesting, important or both.…
American paid $12.375 million to advisors/consultants for bankruptcy-related services in the past year
According to the financial statement of American Airlines filed in bankruptcy court on Monday, the carrier paid $12.375 million to nine different advisors and consultant firms related to its bankruptcy filing. The payments were made within the past year immediately prior to its bankruptcy filing made in November. The statement said that these payments were…