March 23, 2014 TO: TWU AA Locals 501 – 591 RE: Update to American Airlines Employees Eligible for Equity Distributions Over the last four months, three class actions have been filed on behalf of former AA employees who were excluded from equity distributions under the TWU Equity Distribution Plan adopted last year. TWU, acting at…
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TWU Equity Website
Dear Brothers and Sisters, The TWU International has launched a new webpage, which will serve as a hub for all information on the American Airlines/American Eagle equity distribution. Go to www.TWU.org/Air/EquityDistribution.aspx to get all of the resources you need: Appeals: To appeal your number of shares, download and mail in the AA or AE appeal form. News: Get the…
Equity Distribution – Reserve
A number of former TWU represented AA employees have initiated a class action seeking to represent over 2300 persons who accepted early-outs and stand-in- steads and others who left AA. By their rough calculations, plaintiffs claim that they would be entitled to 10% of the shares allocated to TWU. As you know, the Equity Distribution…
AA Equity Distribution Letter from Garry Drummond January 10, 2014
Dear Brothers: Some communications have been circulating among TWU members that have led some members to question whether they have received a correct allocation of shares as part of the post-bankruptcy equity distribution to date. However, the model that the communications questioning the distribution is based on incorrect information. The error in that model is…
Day 30 Equity Distribution Communications – Heads Up to Legacy American
To: U.S.-Based Legacy American Managers Subject: Certain U.S.-Based Legacy American Employees to Receive Second Equity Distribution Summary: As previously communicated, the majority of U.S.-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. The initial distribution of equity occurred…
Equity has arrived
To ensure you have the information and tools you need related to your shares, we have revamped the Equity Hub to include step-by-step instructions and screenshots, as well as a robust Q&A. We encourage you to familiarize yourself with these materials as the primary source of up-to-date information. Letter to American union employees » Letter…
Letter from Garry Drummond, ATD Director on Equity
December 4, 2013 TO: TWU/AA Members RE: AA Equity Distribution Dear Brothers and Sisters: The closing of the merger between American Airlines and US Airways is now upon us, and as a result, the distribution to TWU-represented employees of equity in the new merged company is also imminent—the current plan is for it to take place on…
American Airlines, Jetnet Questions and Answers, Mailing, Equity Hub Info and letter to Unions
QUESTIONS & ANSWERS General Eligibility What you can do with your shares: Hold, sell, transfer Website access Proceeds from selling shares Payroll information Taxes See the Q&A HERE or Just Download the PDF HERE Equity Hub Letter from AA Covering: Before you act You received your shares. Now what? Explanation of Equity Distribution Process for American’s…
Frequently Asked Questions on the Equity Stake Stock Distribution
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November 29th Letter from AA on Merger and Equity Distribution..
Dear American Airlines Colleague, We will soon be entering a new chapter in the American Airlines story as we near the close of our pending merger with US Airways. And, while closing of the merger feels a lot like a finish line given the amount of hard work and dedication that has gone into the…