Washington — The Transport Workers Union (TWU) announced today that the union has retained Gordian Group, LLC to provide investment-banking services during the bankruptcy reorganization proceedings at AMR Corporation, parent company of American Eagle and American Airlines. “We’ve said from day one that we’re going to fight like hell for our members,” said TWU International…
Category: Bankruptcy
AMR – Pleading Update 1/16/2012 – Bankruptcy
Motion Further Extending Time to File Statements and Schedules The Debtors filed a motion requesting that the Court further extend the deadline to file their (i) schedules of assets and liabilities, (ii) schedules of executory contracts and unexpired leases, and (iii) statements of financial affairs by an additional thirty (30) days – through February 27,…
AMR – Pleading Update 1/13/2012 – Bankruptcy
Rule 2004 Motion of the Pension Benefit Guaranty Corporation The Pension Benefit Guaranty Corporation (“PBGC”) filed a motion for an order under Bankruptcy Rule 2004 directing AMR Corporation and its affiliates (“AMR”) to produce documents and authorizing the issuance of subpoenas for testimony relating to four single-employer defined-benefit plans (the “Pension Plans”) maintained by AMR…
TWU-514 Weekly Digest – For the days of Jan 8, 2012 – Jan 14, 2012
Transport Workers Union of America Air Transport Division Local 514 Court Orders, Motions, Decisions National Mediation Board Meeting Notifications USA Today – 01-09-2012 Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will hold a status conference. AMR – Pleading Update 1/11/2012 TWU – ATD – 01-11-2012 Application to Retain Perella Weinberg…
AA Pension & Retiree Medical Benefit Seminar-Presentation
Please see the linked AA Pension & Retiree Medical Benefit Seminar Presentation -PDF This is not endorsed by the PBGC, but it was vetted through their legal department with the intent that it helps both them and the AA-TWU employees. Employees can always go to the pbgc website to drill down deeper into the issues.
Federal National Mediation Board Asserts that the Agency is Still a Key Part of the Labor Negotiation Process at American and American Eagle Despite AMR’s Bankruptcy Filing
DALLAS – Representatives of the Transport Workers Union (TWU) and executives from AMR subsidiary American Eagle were notified Wednesday evening that the National Mediation Board (NMB) remains committed to helping unions at American Airlines and American Eagle reach labor agreements with parent company AMR – despite the company’s November bankruptcy filing. TWU represents ground workers,…
AMR – Pleading Update 1/11/2012 – Bankruptcy
Withdrawal of Limited Objection of HSH Nordbank to Section 1110 Election HSH Nordbank, AG (“HSH Nordbank”), individually and as agent for itself and other lenders, withdrew its limited objection to election pursuant to section 1100(a) of the Bankruptcy Code with respect to certain aircraft because it received the proper cure amounts as set forth in the…
AMR – Pleading Update 1/11/2012 – Bankruptcy
Withdrawal of Limited Objection of U.S. Bank Trust National Association to Section 1110 Election U.S. Bank Trust National Association (“U.S. Bank”), as trustee, recently withdrew its limited objection to the Debtors’ election pursuant to section 1100(a) of the Bankruptcy Code with respect to American Airlines 2009-1A EETC Aircraft Equipment because U.S. Bank received the scheduled…
AMR – Pleading Update 1/11/2012 – Bankruptcy
Application to Retain Perella Weinberg Partners as Financial Advisor The Debtors filed an application to retain Perella Weinberg Partners LP. (“PWP”) as their financial advisor, retroactive to the petition date, in accordance with the terms and conditions of an engagement letter dated December 15, 2011 and effective as of November 10, 2011. According to the…
NMB to bring American Airlines, unions together for an update
SOURCE: By Terry Maxon/Reporter The National Mediation Board wants to talk to American Airlines and its three unions – the Allied Pilots Association, Association of Professional Flight Attendants and Transport Workers Union – about the state of their negotiations. We learn this from the APFA’s hotline update Tuesday, which said that “the NMB has requested…