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.…
Category: TWU
American paid $12.375 million to advisors/consultants for bankruptcy-related services in the past year
According to the financial statement of American Airlines filed in bankruptcy court on Monday, the carrier paid $12.375 million to nine different advisors and consultant firms related to its bankruptcy filing. The payments were made within the past year immediately prior to its bankruptcy filing made in November. The statement said that these payments were…
AA Restructuring – members effected by reduction..
To all members, It has been a question as of late, Just how many members will be effected by reduction due to the restructuring of AA here in Tulsa. Back on February 1st we received the “ASK” terms from AA. The numbers they were asking for are in that letter. (See Below) To my knowledge…
AMR Bankruptcy Update for February 27, 2012
NEGOTIATIONS UPDATE AMR SAYS NO TO EARLY OUT AS DESIGNED Late Friday AA presented its rationale for rejecting TWU’s proposal for an early out proposal. The Company asserts that the program as designed is too costly. However, AA indicated that it would still review such concepts during the entire 1113 process. An early out program…
Win a pair of OKC Thunder Game tickets!
Ten lucky members will win a pair of tickets to the following game: Saturday, March 10, 2012. In order to win simply go by the Union Hall Office, 11945 East Pine St., Tulsa, and bring a non- perishable item or a monetary donation (all monies will be used for purchasing food)for the community food bank.…
Union Plus Mortgage from Chase Bank
Chase is proud to be the exclusive mortgage provider for the Union Plus Mortgage Program, offering mortgage assistance and exclusive benefits for active and retired union members, their parents and children. Interest-free mortgage assistance loans: These loans from Union Plus cover up to six monthly Chase mortgage payments in the event of unemployment, disability, union-approved…
Social Media Policy – PLEASE READ
Your on-line postings must not adversely impact American Airlines, its subsidiaries or any of its affiliates. You are personally responsible for all content you post on social media and networking sites. Remember that it is difficult, if not impossible, to delete content once it is posted to a site. Be cautious whenever posting information to…
AMR – Court Update 2/24/2012
The Debtors’ filed a Sixth Omnibus Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 365(a) Authorizing Rejection of Certain Executory Contracts (Docket No. 1338). According to the motion, over the years, in order to finance the costs of acquisition, construction, equipment, and improvement by American Airlines of certain airport facilities located…
AMR – Court Update 2/22/2012
Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad…
Bankruptcy Update: 2-22-2012
Posted now on TWUs bankruptcy website: The audio file of TWU’s February 13 Town Hall Call with International President James C. Little, ATD Director Garry Drummond and labor attorney Mark Richard is posted at: http://aa.twu.org. President Little answers questions submitted by members about the AMR bankruptcy. Listen now, go to: http://aa.twu.org.