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…
Category: Bankruptcy
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…
AA Restructuring – members effected by reduction..
To all members, It has been a question as of late, Just how many members will be effected by reduction due to the restructuring of AA here in Tulsa. Back on February 1st we received the “ASK” terms from AA. The numbers they were asking for are in that letter. (See Below) To my knowledge…
AMR Bankruptcy Update for February 27, 2012
NEGOTIATIONS UPDATE AMR SAYS NO TO EARLY OUT AS DESIGNED Late Friday AA presented its rationale for rejecting TWU’s proposal for an early out proposal. The Company asserts that the program as designed is too costly. However, AA indicated that it would still review such concepts during the entire 1113 process. An early out program…
AMR Bankruptcy Update for February 24, 2012
TWU Negotiating Committee This week TWU Negotiators started passing first round counter proposals to the company after hours of relentless study, some of it over the past two weekends. All seven work groups drafted proposals for their respective units, responding to AMRs ask of $390 million dollars in cost savings from TWU represented workers. The…
AMR – Court Update 2/24/2012
The Debtors’ filed a Sixth Omnibus Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 365(a) Authorizing Rejection of Certain Executory Contracts (Docket No. 1338). According to the motion, over the years, in order to finance the costs of acquisition, construction, equipment, and improvement by American Airlines of certain airport facilities located…
AMR – Court Update 2/22/2012
Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad…
Bankruptcy Update: 2-22-2012
Posted now on TWUs bankruptcy website: The audio file of TWU’s February 13 Town Hall Call with International President James C. Little, ATD Director Garry Drummond and labor attorney Mark Richard is posted at: http://aa.twu.org. President Little answers questions submitted by members about the AMR bankruptcy. Listen now, go to: http://aa.twu.org.
AA Workers Call on Governor and State Reps for Support
(TULSA, Okla.) — American Airlines workers in Tulsa will be calling on Governor Mary Fallin and seven congressional delegates as well as other state representatives to add their names to www.IsupportAmericanJobs.com, which has attracted the support of more than 15,000 people from coast to coast. Workers also began printing and assembling hundreds of yard signs to publicize their campaign. “This…