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.
Category: Bankruptcy
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…
National Mediation Board Meeting Notifications
Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will hold a status conference. View the notices below: Meeting Notice – NMB Case Numbers A-13472 A-13491 in PDF Subject: NMB Case Numbers: A-13472 & A-13491 American Eagle Airlines, Inc. & TWU Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will…
AMR Update – 1/7/2012 – Bankruptcy Court
Order Authorizing the Retention of The Garden City Group The Court entered an order authorizing the retention of The Garden City Group as claims and noticing agent, retroactive to the petition date. The Garden City Group will have full responsibility for the distribution of notices and the maintenance, processing and docketing of proofs of claim…
TWU – AMR Update 01/06/12 – Bankruptcy Court
Stipulation between the Debtors and Milagros Ponce to Modify the Automatic Stay The Debtors propose to enter into a stipulation with Milagros Ponce (the “Claimant”). According to papers filed with the Court, the Claimant is a plaintiff in a lawsuit against certain of the Debtors and non-debtors (the “Non-Debtor Defendants”) that is pending in the Supreme…
AMR – Pleading Update 1/5/2012
Application to Employ Rothschild as Financial Advisor and Investment Banker The Debtors recently filed an application seeking to employ Rothschild, Inc. (“Rothschild”) as financial advisor and investment banker in accordance with the terms and conditions of an engagement letter dated October 17, 2011. According to the application, Rothschild has more than forty (40) offices in…