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…
Category: News
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
Today’s the day of the bad news at AMR, American Airlines and American Eagle
This from: Dallas News Here’s what we expect, in general: Around 10 a.m., chairman, president and CEO Tom Horton will begin describing the company’s business plan for reorganization as he meets with leaders of the Allied Pilots Association, Association of Professional Flight Attendants and Transport Workers Union. Beverly Goulet, vice president, treasurer and chief restructuring officer,…
PBGC files liens on American assets as the carrier didn’t make its full pension payment in Jan.
The Pension Benefit Guaranty Corp. said it has placed liens on some of American Airlines’ assets in Texas and overseas since the carrier did not make its full $100 million pension payment due in January. The agency said it filed over 70 liens, totalling $91.7 million, on behalf of the four pension plans that American…