DALLAS – Representatives of the Transport Workers Union (TWU) and executives from AMR subsidiary American Eagle were notified Wednesday evening that the National Mediation Board (NMB) remains committed to helping unions at American Airlines and American Eagle reach labor agreements with parent company AMR – despite the company’s November bankruptcy filing. TWU represents ground workers,…
Tag: Bankruptcy
AMR – Pleading Update 1/11/2012 – Bankruptcy
Withdrawal of Limited Objection of HSH Nordbank to Section 1110 Election HSH Nordbank, AG (“HSH Nordbank”), individually and as agent for itself and other lenders, withdrew its limited objection to election pursuant to section 1100(a) of the Bankruptcy Code with respect to certain aircraft because it received the proper cure amounts as set forth in the…
AMR – Pleading Update 1/11/2012 – Bankruptcy
Withdrawal of Limited Objection of U.S. Bank Trust National Association to Section 1110 Election U.S. Bank Trust National Association (“U.S. Bank”), as trustee, recently withdrew its limited objection to the Debtors’ election pursuant to section 1100(a) of the Bankruptcy Code with respect to American Airlines 2009-1A EETC Aircraft Equipment because U.S. Bank received the scheduled…
AMR – Pleading Update 1/11/2012 – Bankruptcy
Application to Retain Perella Weinberg Partners as Financial Advisor The Debtors filed an application to retain Perella Weinberg Partners LP. (“PWP”) as their financial advisor, retroactive to the petition date, in accordance with the terms and conditions of an engagement letter dated December 15, 2011 and effective as of November 10, 2011. According to the…
NMB to bring American Airlines, unions together for an update
SOURCE: By Terry Maxon/Reporter The National Mediation Board wants to talk to American Airlines and its three unions – the Allied Pilots Association, Association of Professional Flight Attendants and Transport Workers Union – about the state of their negotiations. We learn this from the APFA’s hotline update Tuesday, which said that “the NMB has requested…
TWU – AMR Update 01/06/12 – Bankruptcy Court
Stipulation between the Debtors and Milagros Ponce to Modify the Automatic Stay The Debtors propose to enter into a stipulation with Milagros Ponce (the “Claimant”). According to papers filed with the Court, the Claimant is a plaintiff in a lawsuit against certain of the Debtors and non-debtors (the “Non-Debtor Defendants”) that is pending in the Supreme…
AMR – Pleading Update 1/5/2012
Application to Employ Rothschild as Financial Advisor and Investment Banker The Debtors recently filed an application seeking to employ Rothschild, Inc. (“Rothschild”) as financial advisor and investment banker in accordance with the terms and conditions of an engagement letter dated October 17, 2011. According to the application, Rothschild has more than forty (40) offices in…
Docket Update 12/15/11 – AA Bankruptcy
Dallas/Fort Worth International Airport Board’s Objection to the Debtors’ Request for Entry of a Final Order on the Debtors’ Tax Motion Dallas/Fort Worth International Airport Board (“DFWIAB”) filed an objection to the Debtors’ motion for entry of an order authorizing the Debtors’ to pay prepetition taxes and assessments and authorizing financial institutions to honor and…
Docket Update 12/13/11 – AA Bankruptcy
Stipulation between American Airlines and Morgan Stanley Capital Group Inc. The Debtors have proposed to enter into a stipulation with Morgan Stanley Capital Group Inc. (“Morgan Stanley”). According to papers filed with the Court, Morgan Stanley and American Airlines, Inc. (“American”) are parties to a derivatives contract (the “Contract”) that allows American to hedge certain…
Court Update 12/13/11 – AA Bankruptcy
The Court has granted the following motions: Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 546(c) Establishing and Implementing Exclusive and Global Procedures for Treatment of Reclamation Claims [Docket No. 13] Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 503(b)(9) Establishing Procedures for…