Tag: 4.8%

Question: IBT Letter Response on 4.8% Equity – 2-11-2013

QUESTION:  The IBT has said, in a letter dated  February 6, 2012, that “Under the Settlement Agreement that ended American Airlines’ concessionary negotiations with the TWU, American mechanics and related employees are to receive 4.8 percent of the total equity in American….that is allotted to a certain class of unsecured creditors.”  They further state that…