This morning the court approved the retention of Jenner & Block to serve as counsel the section 1114 committee.
Hearing on motion to extend exclusivity
This morning the court granted the joint motion American and the official unsecured creditors committee (the “UCC”) requesting that the Debtors be granted a further extension of the exclusive periods to file a plan of reorganization to and including December 28, 2012 and to solicit acceptances of a plan of reorganization to and including February 28, 2013, respectively, pursuant to section 1121(d) of the Bankruptcy Code, without prejudice to the Debtors’ right to seek additional extensions of these deadlines.
Hearing on motion of the TWA Pilots Seniority Defense Fund LLC to intervene in the section 1113 process
This morning the court denied the motion of the “TWA Pilots Seniority Defense Fund LLC” (the “Fund”) to intervene in proceedings relating to the Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 1113 Authorizing Debtors to Reject Collective Bargaining Agreements, dated March 27, 2012 (ECF No. 2035). Specifically, the members of the Fund are former Trans World Airlines, Inc. (“TWA”) pilots who came to work for American after American purchased certain TWA assets when TWA was liquidated in bankruptcy. The court found, among other things, that there have been extensive section 1113 proceedings and hearings already in this case. the APA is the exclusive bargaining representative for the American pilots, and delay and prejudice would result if the requested relief were granted. The court concluded that the Fund failed to meet the requirements of 2018(a), 1109(b) and1113(d).
Lowenstein Sandler PC
Sharon L. Levine