Passages

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

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It Wasn’t the Union That Caused AMR’s Bankruptcy

The premise of your editorial”The AMR Union Warning” (Dec. 1) about AMR’s bankruptcy filing—that workers and unions are unwilling to address changing circumstances—is simply false. In 2003, responding to industry challenges following 9/11, members of our union and other workers at American Airlines and American Eagle agreed to reduce our compensation by billions of dollars.…

Skadden Tapped as Official Creditors’ Counsel in AMR Bankruptcy

Skadden’s appointment in the case—confirmed by a firm spokesman—came several hours after its lawyers and those from the other firms being considered for the coveted AMR role made their pitches to creditors’ committee representatives in a packed conference room at the Sheraton New York Hotel in midtown Manhattan. The other firms vying for the assignment…

AA Bankruptcy Q&A from the TWU ATD

1. What about My Pension? As a safeguard against the risk that a defined benefit pension plan may contain insufficient funds to pay the promised benefits to workers upon retirement, a federal statute, ERISA, imposes minimum funding standards on plan sponsors. ERISA also established a pension insurance program that guarantees that retirees receive at least…

TWU has earned a seat on the Creditors Committee

Dear Brothers and Sisters, Today, The U.S. Bankruptcy Trustee made the right call as we have earned a seat on the creditors’ committee as the company goes through a Chapter 11 restructuring. Thirty thousand TWU members are critical to the current and future operations of American Airlines and American Eagle.  AMR, the parent company of…