RE: Dear Brothers & Sisters: By this time, most of you will have heard that a decision by the Bankruptcy Court in the AA case was a victory of the retirees from unionized positions with AA— including TWU retirees. And indeed it is true that the decision by Bankruptcy Judge Lane was a victory for…
Category: TWU-ATD
514 – What’s on the plate
Judge Lane Judge Lane denied the company’s motion for summary judgment on their right to terminate the retiree medical plan. We have given the summary to our attorneys for their interpretation. MORE HERE Day 120 Equity Distribution Letter from Garry Drummond – April 8th 2014 was the Day 120 Distribution of Equity Day 120, Equity…
Judge Lane deny’s the company’s motion for summary judgment on their right to terminate the retiree medical plan.
We have given the Summary to our attorneys and are awaiting their interpretation. Please see the attached ruling by Judge Lane denying the company’s motion for summary judgment on their right to terminate the retiree medical plan. 2014 4 18 AMR Summary Judgment Decision in PDF
NOTICE: 757 Equity Distribution Update
The 757 Equity Distribution has been placed in your Computershare Account. If you find that the distribution has not been placed in your account. Take a moment and fill out an Equity Appeal Form (Below) and mail it in. We have 30 days to get this done. Also we are asking that you please contact…
757 Grievance Equity Distribution
Today the TWU distributed the 757 grievance portion of our equity shares into our Computershare account. The total number of shares distributed to Eligible Members was based on straight time “All-In” rate on September 29, 2011 (Date of the outsourcing notice). Thanks, Dale Danker President TWU local 514 Other Items of interest: You Received your shares. Now What?…
Equity Calculator
UpDate: The original calculator has been revised to include approximately 189,000 additional shares which were distributed to members from the reserve in order to maintain (and not exceed)the targeted 14% reserve. Link to JP Morgan site HERE
Day 120, Equity Distribution. Note from President Danker
To All, Tomorrow as reported by the company, our “Day 120” equity shares will be placed in our computershare accounts. We will also be given a calculator by the International ATD that should let us determine what our total Equity distribution will be. It will be posted on our website and emailed to those on…
Equity – TWU DAY 120 COMMUNICATION, From Garry Drummond, Director Air Transport Division
MEMORANDUM Once the market closes today, American will begin the process of making the day 120 distribution. As you know, since the number of shares allocated to TWU is a percentage (4.8%) of the shares allocated to all unsecured creditors, and since the number of shares allocated to the unsecured creditors decrease as the stock…
Legacy American Employees to Receive Day 120 Equity Distribution
We’ve shared before that the majority of U.S.-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. As of March 9, American has distributed approximately 27.5 million AAL shares to eligible U.S.-based legacy American employees. With respect…
Update to American Airlines Employees Eligible for Equity Distributions
March 23, 2014 TO: TWU AA Locals 501 – 591 RE: Update to American Airlines Employees Eligible for Equity Distributions Over the last four months, three class actions have been filed on behalf of former AA employees who were excluded from equity distributions under the TWU Equity Distribution Plan adopted last year. TWU, acting at…