By TIM TALLEY OKLAHOMA CITY The salaries and benefits of workers at the American Airlines maintenance facility in Tulsa could be at risk now that the airline’s parent company is seeking bankruptcy protection, officials of the workers’ union said Tuesday. Rick Mullings, international organizer for the Transport Workers Union of America Local 514, said he…
Category: Bankruptcy
James C. Little Letter to Senators on AA bankruptcy, 11-30-11
Dear Senator: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you may…
James C. Little Letter to Representatives on AA bankruptcy, 11-30-11
Dear Representative: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you…
Court Update 11/30/11
This afternoon, the Court entered the following orders: Interim Order (I) Authorizing, But Not Directing, Debtors to (A) Continue Their Insurance Programs, and (B) Pay All Insurance Obligations, (II) Modifying the Automatic Stay with Respect to Workers Compensation Claims, and (III) Authorizing and Directing Financial Institutions to Honor and Process Related Checks and Transfers And…
Prefunding Trust Review Letter, November 7, 2011 Robert Gless
To: AA Local President’s & Members Re: Pre-funding Trust Review Brothers and Sisters, In follow up to the discussions at the October 19th and 20th 2011 Presidents’ Council meeting and per requests from the Title Ill Negotiations team we have had TWU General Counsel, along with outside counsel and prior negotiators of the critical agreements…
Statement from PBGC Director Josh Gotbaum on AMR Corp. Bankruptcy
WASHINGTON—Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the Bankruptcy Filing of AMR Corp.: “Today American Airlines’ parent company filed for bankruptcy. When this happens employees and retirees worry — and they should. In past bankruptcies, workers and retirees have lost their healthcare and seen their pensions cut. Based on…
Court Orders Received: AA Bankruptcy
AMR and American Airlines, American Eagle Receive Court Orders Enabling Continued Normal Business Operations.
Court Update 11/29/11 Final
The first day hearing is drawing to a close. Certain of the orders approving the first day motions require minor modifications to accomodate comments by the court and certain other parties in interest. The debtors will revise the orders and submit them to the court for entry later this evening. We will send copies of…
Letter from Daniel Garton to Jose Galarza
Dear Jose: As you know, the AMR Board of Directors has determined that it is necessary for AMR and its affiliates, including American, American Eagle, Executive, and EASI to file a Petition under Chapter 11 of the Bankruptcy Code. Over the past several years, we have made you aware of the cost challenges that Eagle…
What is happening to my pension during Bankruptcy?
Present retirees will still get their retirement. There is no changes to the present retirees pension plan at this time. If you are going to retire sometime in the future just know that you are entitled to all of your retirement benefits that you are vested in at this time.