James C. Little Letter to Representatives on AA bankruptcy, 11-30-11

Dear Representative: Yesterday, American Airlines took the step of joining a long list of past legacy carriers in filing for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The Transport Workers Union of America is the largest labor representative of the combined group. Consequently, our members have much at stake as this process unfolds. As you…

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Court Update 11/30/11

This afternoon, the Court entered the following orders: Interim Order (I) Authorizing, But Not Directing, Debtors to (A) Continue Their Insurance Programs, and (B) Pay All Insurance Obligations, (II) Modifying the Automatic Stay with Respect to Workers Compensation Claims, and (III) Authorizing and Directing Financial Institutions to Honor and Process Related Checks and Transfers And…

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Prefunding Trust Review Letter, November 7, 2011 Robert Gless

To: AA Local President’s & Members Re: Pre-funding Trust Review Brothers and Sisters, In follow up to the discussions at the October 19th and 20th 2011 Presidents’ Council meeting and per requests from the Title Ill Negotiations team we have had TWU General Counsel, along with outside counsel and prior negotiators of the critical agreements…

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Statement from PBGC Director Josh Gotbaum on AMR Corp. Bankruptcy

WASHINGTON—Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the Bankruptcy Filing of AMR Corp.: “Today American Airlines’ parent company filed for bankruptcy. When this happens employees and retirees worry — and they should. In past bankruptcies, workers and retirees have lost their healthcare and seen their pensions cut. Based on…

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Court Update 11/29/11 Final

The first day hearing is drawing to a close. Certain of the orders approving the first day motions require minor modifications to accomodate comments by the court and certain other parties in interest.  The debtors will revise the orders and submit them to the court for entry later this evening. We will send copies of…

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