by Todd Wissing Make no mistake: this is not about the survival of AMR corporation or American Airlines. Entering bankruptcy with over $5 billion, the company is not in legitimate jeopardy; the bankruptcy filing is, all involved acknowledge, simply a strategy employed to break the unions, its employees and to completely throw out union contracts.…
Category: News
TWU on CNBC
Watch CNBC’s interview with TWU International President James C. Little during Mondays Battery Park protest in New York City and Peter Kaufman, CEO of the Gordian Group. President Little and Kaufman give their view on why the TWU and other AMR labor unions, support a possible merger by U.S. Airways. The TWU hired the Gordian…
Jason Whitely, Tweets from AA Bankruptcy Court- April 24, 2012
JasonWhitely This is posted at 4:10pm, 4-24-2012— JasonWhitely I’ve stepped out of the courtroom to prepare a story for our 6p and another for our 10p newscasts. Court has about another hour.#aawfaa16 seconds ago · reply · retweet · favorite JasonWhitely @RoyceSeabaugh Questioning has dragged a little…53 seconds ago · reply · retweet · favorite JasonWhitely Bankruptcy judge is policing unions attorneys on being productive and not wasting time… #aawfaaabout 1 hour…
Jason Whitely tweets from the AMR bankruptcy hearing
WFAA reporter Jason Whitely is in New York City this week to cover the American Airlines bankruptcy hearing. He is live tweeting from the courtroom from his Twitter account, @JasonWhitely. We are compiling his tweets into this on-going blog, but follow Jason’s account for the latest. 8:20 a.m. “A merger w/ @USAirways is the path we must…
Letter from Bill Collins to M&E Base Employees
This is the letter that was put out today about the parking lot car damage from Bill Collins. As some of you may have heard, we had an incident of damage to some of our employees’ vehicles in the parking lot yesterday (3-13-2012). We are currently investigating the situation, but we have no information…
Interesting tidbits from the AMR/American Airlines bankruptcy case
SOURCE: Dallas News You can find out interesting things in the AMR/American Airlines bankruptcy filings When a company files for Chapter 11 protection under the federal bankruptcy code, it has to disclose a lot of things. That’s true for AMR, American Airlines and the various other subsidiaries. Some of those things are interesting, important or both.…
Is American the Worst-Managed Airline in America?
Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA…
AMR and the return of the bare-knuckled bankruptcy Read more: AMR and the return of the bare-knuckled bankruptcy – The Deal Pipeline
These are some clippings from the article: They (Companies) gab with unions that represent their workers and creditors and banks that hold their debt. Some even put out press releases telling the world just how well they’re doing. It ordered $38 billion worth of planes four months before submitting its Chapter 11 petition — hardly…
Recent Bankruptcies Just the Beginning?
Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning. View the video here
Rewriting American Airlines’ bankruptcy
MSNBC’s Lawrence O’Donnell explains how the bankruptcy of American Airlines shows us why voting for president is even more important than you think. Watch the video. This is a Must Watch Video.. Click Here: from The Last Word