Please see attached letter from ATD Deputy Director R. Gless concerning LBO Agreement, The IBT and AMFA and the 4.8% Equity: HERE
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FYI – Yesterday’s APA Bankruptcy Court Decision
Following up on yesterday’s bankruptcy court decision on the APA’s contract being abrogated in the Dallas Morning News blog and the Article referencing that the Creditors Committee statement that “American Airlines must have a pilots deal before leaving bankruptcy” (also below). First, the comment about needing an agreement with the pilots to exit bankruptcy was…
Judge Lane Decision Allied Pilots Association
Yesterday Judge Lane released his opinion “temporarily” denying American Airlines motion to abrogate its agreement with the Allied Pilots Association. While reading a 106 page opinion is a lengthy exercise, we recommend all members look at the actual opinion. It provides an excellent discussion of the standards for abrogating a contract which is consistent with the legal advice we…
BK Judge rules against AMR mgmt due to furlough and code sharing….
By Nick Brown and Karen Jacobs NEW YORK (Reuters) – A judge on Wednesday denied a request by American Airlines parent AMR Corp (AAMRQ.PK) to abandon collective bargaining agreements with its pilots’ union, an unexpected decision and setback for bankrupt AMR in its quest to save more than $1 billion a year in labor costs.…
Letter from Don Videtich, International Rep. Addressing the Local 565 President
Re: G. Peterson Letter to Members Regarding July 10, 2012 TA Dear Brother Peterson: I read your letter dated July 19, 2012 to the Local 565 membership and have found many inaccuracies and misleading statements. I understand and also feel the frustration associated with the entire bankruptcy process. It is a process designed to facilitate…
Bankruptcy – Common Questions and Answers July 19, 2012
Earlier in the year we provided answers to certain questions on the bankruptcy procedure. These answers have not changed, but for the convenience of the membership we think it is helpful to reiterate the answers to the most common questions. We have also added a question and answer regarding recently negotiated arrangements for the payment…
New Maintenance and Related and Stores Tentative Agreements
Maintenance and Related and Stores Workers Achieve Improvements from Previous Offers Dallas – Members of the Transport Workers Union at American Airlines have reached new tentative agreements with the company for workers in the Maintenance and Related (M&R) and Stores bargaining units, the union said today. “Our strategy to keep all of our options open…
AMR – Pleading Update 1/16/2012 – Bankruptcy
Motion Further Extending Time to File Statements and Schedules The Debtors filed a motion requesting that the Court further extend the deadline to file their (i) schedules of assets and liabilities, (ii) schedules of executory contracts and unexpired leases, and (iii) statements of financial affairs by an additional thirty (30) days – through February 27,…
TWU-514 Weekly Digest – For the days of Jan 8, 2012 – Jan 14, 2012
Transport Workers Union of America Air Transport Division Local 514 Court Orders, Motions, Decisions National Mediation Board Meeting Notifications USA Today – 01-09-2012 Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will hold a status conference. AMR – Pleading Update 1/11/2012 TWU – ATD – 01-11-2012 Application to Retain Perella Weinberg…
AMR – Pleading Update 1/5/2012
Application to Employ Rothschild as Financial Advisor and Investment Banker The Debtors recently filed an application seeking to employ Rothschild, Inc. (“Rothschild”) as financial advisor and investment banker in accordance with the terms and conditions of an engagement letter dated October 17, 2011. According to the application, Rothschild has more than forty (40) offices in…