Dear Brothers & Sisters: The TWU Equity Distribution Committee, legal counsel and the Presidents Council met on July 16, 2013 at the ATD office in Hurst, Texas to review the draft Equity Distribution Plan. We discussed in detail the many comments and suggestions received from the TWU membership while visiting the various stations on the…
Tag: Bankruptcy
The Facts and Moving Forward
The past year has been a very challenging one. The bankruptcy process has been very stressful on our members. But, we secured an agreement that is far better than any other union has negotiated with a bankrupt company. In fact, the TWU scope protection protects more good paying jobs than any other labor agreement in…
AMR- hearing on Thursday, June 27, 2013 – Bobby Gless
Brothers & Sisters, All individual claims that were scheduled to be heard/dismissed at tomorrow’s Omnibus hearing have been postponed (the rescheduled day has not determined yet). Only claims related to a Willie Ray Williams (20 different individual claims) are still on the docket and will be heard/dismissed. Please pass this on to any member…
AMR Bankruptcy Timeline
Nov. 29, 2011 – AMR files for Chapter 11 Bankruptcy Dec. 5, 2011 – TWU earns seat on the Unsecured Creditors Committee Feb. 1, 2012 – AMR presents 1113 “ask” eliminating over 9,000 TWU positions by outsourcing jobs Feb. 13, 2012 – TWU hosts tele- phone town hall Q and A about AMR bankruptcy…
TWU Equity Distribution Informational Meeting – Hand Out
Introduction: As part of the resolution of the American Airlines bankruptcy, TWU negotiated a 4.8% share of the total claims recovered by general unsecured creditors. The post-bankruptcy Plan of Reorganization provides that unsecured creditors will receive their recovery in the form of new American Airlines Group (AAG) common stock. So TWU will receive 4.8% of…
Meeting Notice
TWU Equity Distribution Plan Presentation Where: TWU 514 Union Hall, 11945 East Pine Street, Tulsa Ok. When: Thursday, June 13, 2013 Times: 7:15 AM | 11:45 AM | 3:45 PM Meeting Notice- TWU Equity Distribution in PDF
AA Bankruptcy Court Update May 30, 2013
The Bankruptcy Court today held a hearing on the Debtors’ motion seeking entry of an order approving the memoranda of understanding (the “MOU”s) among certain of the Debtors, US Airways, Inc. and any successor (“US Airways”) and the unions representing the Debtors’ and US Airways’ pilots and certain of the Debtors, US Airways and the…
Equity Distribution Update May 24, 2013
Dear Brothers & Sisters: Your TWU Equity Distribution Committee met again on May 23 and 24 at the TWU Headquarters in Washington D.C. to draft the procedures and principles for distribution of shares of Equity in the New American Airlines to eligible American employees represented by the TWU. During this week’s meetings, TWU’s counsel and…
AA Bankruptcy Court Update May 10, 2013
The Debtors filed a motion seeking to approve the memoranda of understanding among certain of the Debtors, US Airways, Inc. and any successor (“US Airways”) and the various unions representing the employees of the Debtors and US Airways. The memoranda of understanding address the effect of the expected merger between American and U.S. Airways. With…
We have revised dates for the bankruptcy hearings on the AMR/AA plan of reorganization
AMR/American Airlines filed notice Thursday that the hearing on its disclosure statement has been moved to June 4 from May 30. So let’s do a revised, longer list of the dates going forward. Noon May 24 Deadline to file objections to the disclosure statement on the plan of reorganization. 10 a.m. June 4 Hearing before…