Passages

Passages “Death leaves a heartache no one can heal, love leaves a memory no one can steal.”

AMR Bankruptcy Update for March 28, 2012

American Airlines After AMR’s 1113(c) filing yesterday, there has been continued action on both sides to reach an agreement. On multiple occasions TWU work groups have met with company negotiators. There has been some progress, slow at times, but the talks are often frustratingly complex. The TWU Negotiating Committee’s and the company continued to exchange…

AMR Bankruptcy – Breaking News March 27, 2012

 American Airlines Files to Reject Labor Contracts under Bankruptcy Code Section 1113 We understand that sometime today AMR will file its 1113 motion with the U.S. Bankruptcy Court in New York to reject all seven TWU labor agreements. AA’s filing does not affect our contracts immediately, but is the next step in the legal process.…

AMR Bankruptcy Update for March 24-25, 2012

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…

Motion of Debtors for Entry of Order Extending Time to Assume or Reject Leases

The Debtors filed a motion asking the Court to extend the initial period granted by the Bankruptcy Code to assume (keep) or reject (terminate) nonresidential real property leases. Section 365(d)(4)(B) of the Bankruptcy Code gives a debtors 120-days to assume or reject unexpired leases of nonresidential real property (the “Lease Rejection Period”).  Absent the requested…

AMR Bankruptcy Update for March 23, 2012

All TWU Negotiating Committees representing American Eagle work groups met internally today and began their pre 1113 data requests. Some committee’s are preparing questions regarding the term sheets presented by the company yesterday. The Eagle staff discovered one error in the Fleet Service term sheet regarding health benefit eligibility. The revised term sheet is posted…