“Today Mike and I attended a press conference held by the Chamber of Commerce. The purpose of the press conference was to show the public that a coalition has been formed. The coalition includes city, state, Federal agencies and the TWU working together to help secure the future of the Tulsa Maintenance Base.” Sam Cirri,…
Category: Bankruptcy
Message From ATD Director Garry Drummond
Dear Brothers: As expected, we were not confronted with an 1113 “ask” over the holidays. Once we do receive the section 1113 proposals, we will let you know and post them. Fraternally, Garry Drummond Director Air Transport Division International Vice President
PBGC Director Josh Gotbaum Responds to Comments Made by American Airlines’ Counsel Harvey Miller
When American Airlines filed for bankruptcy they took great pains to say to their customers that nothing will change, that they will still have their frequent flyer miles and service will continue. But they didn’t make the same promises to their employees about the future of their pensions. Recent comments by the company’s bankruptcy counsel,…
AMR – Pleading Update, Published 12/20/2011
Reclamation Demands Under the Bankruptcy Code, if certain conditions are met, a creditor has the right to reclaim goods delivered to a debtor within 45 days of the debtor’s bankruptcy filing. Numerous creditors have filed reclamation demands with the Bankruptcy Court. 1. Brown Printing Company filed notice that it had served its written demand for…
Docket Update 12/15/11 – AA Bankruptcy
Dallas/Fort Worth International Airport Board’s Objection to the Debtors’ Request for Entry of a Final Order on the Debtors’ Tax Motion Dallas/Fort Worth International Airport Board (“DFWIAB”) filed an objection to the Debtors’ motion for entry of an order authorizing the Debtors’ to pay prepetition taxes and assessments and authorizing financial institutions to honor and…
Creditors Committee
The Creditors’ Committee balances the needs of all unsecured creditors. “Balance” means that no one group – certainly not hard-working employees who have already made voluntary concessions – should have to meet an unfair share of the costs of AMR management’s decision to file for bankruptcy. The Creditors Committee is typically made up of the…
Docket Update 12/13/11 – AA Bankruptcy
Stipulation between American Airlines and Morgan Stanley Capital Group Inc. The Debtors have proposed to enter into a stipulation with Morgan Stanley Capital Group Inc. (“Morgan Stanley”). According to papers filed with the Court, Morgan Stanley and American Airlines, Inc. (“American”) are parties to a derivatives contract (the “Contract”) that allows American to hedge certain…
Court Update 12/13/11 – AA Bankruptcy
The Court has granted the following motions: Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 546(c) Establishing and Implementing Exclusive and Global Procedures for Treatment of Reclamation Claims [Docket No. 13] Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 503(b)(9) Establishing Procedures for…
TWU President Gives Wall Street Journal a Reality Check
In a letter to the paper published last week, President Little said, The premise of your editorial “The AMR Union Warning” (Dec. 1) about AMR’s bankruptcy filing—that workers and unions are unwilling to address changing circumstances—is simply false. In 2003, responding to industry challenges following 9/11, members of our union and other workers at American…
Post 1113C Committee, Letter to Jim Little, from ATD Garry Drummond
Per the instructions of the IAC letter, the negotiating committees have appointed the following people to the Post 1113C Committee: NAME Local Craft & Class David Virella 501 Fleet Service Donald Dougherty 513 Facilities Maintenance John Hewitt 514 M&R – Base Jason Best 514 Mntc. Control Technicians Jim Fudge 541 Simulator Technicians Mike Cook 541…