Question: How does the 4.8% equity stake pay out? Answer: Depending on instructions from the Bankruptcy Court, a combination of stock and/or cash will be provided to the TWU for distribution to members, amongst the seven classes or crafts. Question: What makes up the 4.8% equity stake? Answer: The stake is equivalent to 4.8% of…
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Serious Accident – Member, Kevin Harris
To all, If you all have not heard or been notified we had one of our brothers, Kevin Harris, who was involved in a very serious accident yesterday shortly after 5PM here in Tulsa. He was involved in a fall from an elevated height while working on a dock located outside Hanger 1B & 1C. He was transported…
AA/AE Bankruptcy Court Update Mar 12, 2013
As we previously posted, AMR filed a motion for approval to enter into a 12-year capacity purchase agreement with Republic Airline Inc. (“Republic”). Capacity purchase agreements between major carriers and regional partners are one approach airlines use to provide regional feed services. Under such arrangements, the major carrier generally purchases the entire capacity of…
Help “Keep Knives Off the Plane”
As part of our multi-faceted stance against TSA’s recent decision to allow small knives on the plane, a petition, “Keep Knives Off the Plane. Block Transportation Security Administration Policy Decision to Accept Pre-9/11 Weapons” was created for public awareness and to gain support for all those whose safety will be in danger because of this decision.…
Letter to Bobby Gless, RE: Interest Earnings on Prefunding Contributions
RE: Taxable Earnings/Prefunding Dear Mr. Gless, The TWU International asked our accounting firm to research the method by which prefunding income was being reported by the company. TWU members were asking questions regarding this matter. Of course each member must consult his/her own tax advisor for advice. However, we can provide general information…
Stock Car Races, Creek County Speedway, TWU/AA ID = Get in FREE, May 25th, 2013
“TWU/AA” Night at the Creek County Speedway, May 25th, 2013 Races start at 7:00PM TWUAA-Night Creek County Speedway in PDF