Dear Brothers & Sisters:
We have received reports from Locals and members stating that they have received their first Equity Distribution mailings from the TWU and there has been some confusion.
It is important to note that the equity distribution mailings will be separate.
You will receive one letter that explains your eligibility to participate in the distribution of equity (i.e. common stock) associated with the settlement of a grievance regarding the overpayment of health insurance premiums.
An additional mailing will explain your eligibility to participate in the main distribution of equity (i.e. common stock), which is dependent on whether or not you meet the requirements outlined by the Equity Distribution Committee.
There is a third eligibility mailing that will be mailed to only those eligible at the overhaul bases that explains their eligibility to participate in the distribution of equity (i.e. common stock) associated with the settlement of a grievance regarding the outsourcing of 757 aircraft; that mailing should occur towards the end of September.
If you do not receive the mailings concerning the health care and the main equity distribution bySeptember 2, please notify the Equity Appeals Committee in writing.
Fraternally,
Donald M. Videtich
Deputy Director Air Transport Division
AA System Coordinator