American Airlines During this weekend, the TWU’s legal and economic advisors worked tirelessly expediting last minute reviews of AA documents, company explanations and analysis of TWU counter proposals. These cost analysis and labor proposals will be ready for presentation this week. Tom Roth, TWU’s labor economist, met with AA financial analysts on Saturday, reviewing their…
Category: TWU-ATD
Sec. 1113. Rejection of collective bargaining agreements
Sec. 1113. Rejection of collective bargaining agreements (a) The debtor in possession, or the trustee if one has been appointed under the provisions of this chapter, other than a trustee in a case covered by subchapter IV of this chapter and by title I of the Railway Labor Act, may assume or reject a collective…
AMR – Court Update 3/21/2012
On March 16, 2012, by an agreement between the Allied Pilots Association (the “Pilots”) and the Debtors authorized the Official Committee (the “Committee”) of Unsecured Creditors to intervene in the adversary proceeding commenced by the APA on February 28, 2012. The Pilots seek a determination that section 1113 of the Bankruptcy Code did not apply…
PBGC Objection to Procedures
The PBGC filed an objection to the Debtors’ motion establishing procedures for settling certain claims. The PBGC objects to the provisions of the Debtors’ proposed procedures that would permit the Debtors to settle claims where the settlement amount is within 10% of the scheduled amount of the creditors claim, without court or creditor scrutiny, so…
AMR Bankruptcy Update for March 16, 2012
There were no scheduled negotiations between the TWU and AMR today. But, in a letter to the NMB late this afternoon, AMR rejected TWUs proffer of binding arbitration. In the letter, Senior VP Jeff Brundage made it clear that AMR would continue to seek consensual agreements with all of its labor groups through the 1113…
Bankruptcy Update for March 13, 2012
The TWU Negotiators met today at Flagship University amid a flurry of media rumors reporting a possible merger with U.S. Airways and American Airlines. There are no facts to substantiate these rumors. Last week AMR filed for a six month extension for its exclusive reorganization time limit which expires March 28. If the court agrees…
ATD Today March 9, 2012
Letter from James C. Little to the National Mediation Board Re: American Airlines and Transport Workers Union of America AFL-CIO Seven Contract Groups Dear Chairman Puchala and Members Dougherty and Hoglander: I write on behalf of the Transport Workers Union of America (“TWU”), the certified representative for more than 24,000 bargaining unit employees employed at…
Letter from Jim C. Little to the National Mediation Board
By Email and USPS Certified Mail Linda Puchala, Chairman Elizabeth Dougherty, Member Harry Hoglander, Member National Mediation Board 1301 K Street, N.W., Suite 205E Washington, D. C. 20005-7011 Re: American Airlines and Transport Workers Union of America AFL-CIO Seven Contract Groups Dear Chairman Puchala and Members Dougherty and Hoglander: I write on behalf of the…
AMR – Court Update 3/8/2012
On March 8, 2012, AMR filed a motion pursuant to section 1121(d) of the Bankruptcy Code requesting an extension of their exclusive period to file a chapter 11 plan from March 28, 2012 through and including September 28, 2012 and their exclusive period to solicit acceptances of such plan from May 29, 2012 through and…
Termination vs Freeze of Defined Benefit Plan
AMR has agreed to “freeze” the Retirement Benefit Plan of American Airlines, Inc. for Employees Represented by the Transport Workers Union (TWU) of America, AFL-CIO (“the Plan”). This is the alternative to terminating the Plan and turning it over to the Pension Benefit Guaranty Corporation (“PBGC”). Keeping the Plan up and running is advantageous to…