On the day the Debtors filed their chapter 11 cases, they also filed a motion asking the Bankruptcy Court for permission to assume (i.e. “honor”) certain contracts with third parties. The motion seeks to assume hundreds of agreements that fall into the categories listed below. On Friday, the Debtors added to the list of agreements…
Tag: Bankruptcy
Motion Update 12/08/11 – AA Bankruptcy
The Debtors filed a Notice of Presentment of a proposed order establishing certain notice, case management and other administrative procedures (the “Proposed Order”). The Proposed Order provides certain procedures for the general administration of the Debtors’ cases, including, among other things, pleading requirements and service requirements. The Proposed Order also provides procedures with regard to…
TWU AA/AE Negotiations Structure, On Behalf of the International Administrative Committee (IAC)
Dear Sisters and Brothers: Since the AA/AE bankruptcy filing on November 29, 2011, we have been working diligently to provide thorough information to you regarding the bankruptcy process, as our legal team continues to navigate through the various court proceedings. We will also continue to provide you up to date information on our newly created…
Docket Update 12/7/11 – AA Bankruptcy
Published 12/07/2011 Goodrich Corporation (“Goodrich”) filed a limited objection to the Debtors’ motion for entry of an order establishing and implementing exclusive and global procedures for the treatment of reclamation claims (the “Reclamation Procedures Motion”) and the Debtors’ motion for entry of an order establishing procedures for the assertion, resolution and satisfaction of claims asserted…
Court Update 12/6/11 – AA Bankruptcy
The Debtors filed a motion to reject 24 aircraft and engine leases. Specifically, the Debtors seek to reject aircraft and engine leases with the following parties: AWAS Aviation Services Banc of America Leasing & Capital, LLC Bank of America, N.A. Bank of Utah City National Bank Deutsche Bank Trust DFO Partnership Jetscape Inc. John Hancock…
It Wasn’t the Union That Caused AMR’s Bankruptcy
The premise of your editorial”The AMR Union Warning” (Dec. 1) about AMR’s bankruptcy filing—that workers and unions are unwilling to address changing circumstances—is simply false. In 2003, responding to industry challenges following 9/11, members of our union and other workers at American Airlines and American Eagle agreed to reduce our compensation by billions of dollars.…
Skadden Tapped as Official Creditors’ Counsel in AMR Bankruptcy
Skadden’s appointment in the case—confirmed by a firm spokesman—came several hours after its lawyers and those from the other firms being considered for the coveted AMR role made their pitches to creditors’ committee representatives in a packed conference room at the Sheraton New York Hotel in midtown Manhattan. The other firms vying for the assignment…
How four other airlines have fared in and emerged from bankruptcy
United Airlines Filed for bankruptcy: Dec. 9, 2002 Length of time in bankruptcy: 38 months Capacity changes: 20 percent fewer airplanes; trimmed capacity by 8 percent Job cuts: 30 percent fewer employees, about 58,000 Wage/benefit cuts: Terminated defined-benefit pensions; average pay for pilots, mechanics and ground workers dropped about 35 percent; flight attendants’ average pay…
Court Update 12/1/11 – AA Bankruptcy
The Debtors scheduled a hearing on December 13, 2011 at 2:00 PM on the following motions: Interim Order (I) Authorizing 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 Interim Motion of Debtors for Entry of Order…
Letter from Sam Cirri, President TWU local 514, 12-1-2011
Dear Brothers and Sisters, Tuesday we learned that AMR filed for Chapter 11 Bankruptcy. Now everyone has a thousand questions, and understandably so. To help get answers to your questions we have modified our website, www.twu514.org, to allow you to submit your questions directly to our International Legal Staff. We are now going down a…