By way of update, we are currently in court for the first day hearing in this case. The court just granted the debtors’ motions: to pay critical vendors in the debtors’ discretion ($50mm for the next 21 days); to pay foreign creditors; to pay fuel suppliers; to honor and enter into derivatives agreements in the…
Category: Bankruptcy
Letter from James C. Little to the AA/Eagle Membership
Dear Sisters and Brothers: For years, TWU members have joined together to fight for fairness at American Airlines and American Eagle. We’ve had some long hard battles. We now face a new challenge, as a result of a decision by management at AMR to file for Chapter 11 bankruptcy protection. While we believe this bankruptcy…
Business Bankruptcy 101 An Overview of Employer Bankruptcy for Union Employees and Retirees
This fact sheet is intended to explain the basics and significance of corporate bankruptcy from a Union employee’s perspective. It is not meant to constitute a legal opinion or advice, and does not replace independent consultation with an attorney. Each employer and employee’s situation is unique. Accordingly, contact the Legal Department with any questions if…
Statement by President James C. Little on Bankruptcy Filing by American and American Eagle
Nov 29 2011 We are very disappointed by today’s action by AMR. The Transport Workers Union will do everything possible to protect our members at both American Airlines and American Eagle. Work at both airlines will continue through the Chapter 11 reorganization. Our union had tried to work with AMR managers to make the company…
Special News Bulletin
It is true American did file for Chapter 11 Today. We are all waking up to bad news, but at this point our contracts are in tact until further notice. Arpey has retired and Horton has taken the position of CEO of AMR. Negotiations have been put on hold until further notice. We are gathering…