American Airlines The TWU Negotiating Committees continued meeting internally and with AA over the last two days. Although progress was made on some articles, there are many discrepancies between the company’s numbers and ours. TWUs financial analyst, Tom Roth, met with the Fleet Service and Maintenance and Related committee’s to review their numbers and counter…
Tag: Court
AMR – Court Update 3/21/2012
On March 16, 2012, by an agreement between the Allied Pilots Association (the “Pilots”) and the Debtors authorized the Official Committee (the “Committee”) of Unsecured Creditors to intervene in the adversary proceeding commenced by the APA on February 28, 2012. The Pilots seek a determination that section 1113 of the Bankruptcy Code did not apply…
PBGC Objection to Procedures
The PBGC filed an objection to the Debtors’ motion establishing procedures for settling certain claims. The PBGC objects to the provisions of the Debtors’ proposed procedures that would permit the Debtors to settle claims where the settlement amount is within 10% of the scheduled amount of the creditors claim, without court or creditor scrutiny, so…
AMR – Court Update 3/15/2012
On March 15, 2012, the Debtors filed an Objection to the TWU’s Motion For Entry of An Order Lifting or Modifying the Automatic Stay to Permit James Gregorio to Institute Proceedings Against the Debtors For Improper Wage Garnishment. James Gregorio presently works in the Debtors’ Facilities/GSE Maintenance division/center/office in Miami, Florida. In April 2011, Mr.…
AMR – Court Update 3/8/2012
On March 8, 2012, AMR filed a motion pursuant to section 1121(d) of the Bankruptcy Code requesting an extension of their exclusive period to file a chapter 11 plan from March 28, 2012 through and including September 28, 2012 and their exclusive period to solicit acceptances of such plan from May 29, 2012 through and…
AMR – Court Update 3/1/2012
The Bankruptcy Court approved the debtors’ applications to retain and employ Skyworks Capital, LLC as an aircraft restructuring advisor, McKinsey Recovery & Transformation Company, Inc. Japan as a management consultant and Boston Consulting Group, Inc as a strategic consultant including to review and streamline the debtors’ management structure. As to Boston Consulting Group, Inc., the…
AMR – Court Update 2/24/2012
The Debtors’ filed a Sixth Omnibus Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 365(a) Authorizing Rejection of Certain Executory Contracts (Docket No. 1338). According to the motion, over the years, in order to finance the costs of acquisition, construction, equipment, and improvement by American Airlines of certain airport facilities located…
AMR – Court Update 2/22/2012
Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad…
Stay Relief Motions February 11, 2012 – AMR Bankruptcy
On February 10, 2012, the TWU filed a motion for relief from the automatic stay on behalf of Everton White. By this motion, the TWU seeks an order terminating or, alternatively, modifying the automatic stay imposed pursuant to section 362 of the Bankruptcy Code, to permit Mr. White to continue to pursue a certain claim…
AMR – Debtors’ Motion to Pay or Honor Obligations with Labor Arbitration Hearings
Yesterday the Debtors filed a Motion to Pay or Honor Certain Prepetition Obligations in Connection with Labor Arbitration Hearings (the “Motion”). The Debtors are required, under the Railway Labor Act and certain collective bargaining agreements (the “CBAs”), to establish and engage in a regulated procedure to settle labor grievances. The Railway Labor Act requires the…