All postings from the Negotiations Committee
Passages “Death leaves a heartache no one can heal, love leaves a memory no one can steal.”
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…
Dear Jose: As you know, the AMR Board of Directors has determined that it is necessary for AMR and its affiliates, including American, American Eagle, Executive, and EASI to file a Petition under Chapter 11 of the Bankruptcy Code. Over the past several years, we have made you aware of the cost challenges that Eagle…
Present retirees will still get their retirement. There is no changes to the present retirees pension plan at this time. If you are going to retire sometime in the future just know that you are entitled to all of your retirement benefits that you are vested in at this time.
By way of update, we are currently in court for the first day hearing in this case. The court just granted the debtors’ motions: to pay critical vendors in the debtors’ discretion ($50mm for the next 21 days); to pay foreign creditors; to pay fuel suppliers; to honor and enter into derivatives agreements in the…
Dear Sisters and Brothers: For years, TWU members have joined together to fight for fairness at American Airlines and American Eagle. We’ve had some long hard battles. We now face a new challenge, as a result of a decision by management at AMR to file for Chapter 11 bankruptcy protection. While we believe this bankruptcy…
This fact sheet is intended to explain the basics and significance of corporate bankruptcy from a Union employee’s perspective. It is not meant to constitute a legal opinion or advice, and does not replace independent consultation with an attorney. Each employer and employee’s situation is unique. Accordingly, contact the Legal Department with any questions if…