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Transport Workers Union of America
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Court Orders, Motions, Decisions
National Mediation Board Meeting Notifications
| USA Today – 01-09-2012 Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will hold a status conference. |
AMR – Pleading Update 1/11/2012
| TWU – ATD – 01-11-2012 Application to Retain Perella Weinberg Partners as Financial Advisor |
AMR – Pleading Update 1/11/2012
| TWU – ATD – 01-11-2012 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 limited objection. |
AMR – Pleading Update 1/11/2012
| TWU – ATD – 01-11-2012 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 payment from the Debtors on January 3, 2012. |
American Airlines Updates Employees on Bankruptcy Plan
| Wall Street Journal – 01-12-2012 Amid the news, American Chairman and CEO Tom Horton sent a letter to employees to update them on the company’s progress in bankruptcy reorganization. |
Opinions/Editorials
American Airlines seeks approval to hire advisers
| Star Telegram – 01-09-2012 American Airlines trimmed two routes, cut 150 workers and asked the bankruptcy court for approval to hire more advisers to help in its restructuring. |
American Airlines to cut two routes and 150 workers
| Baltimore Sun – 01-09-2012 AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs. |
OTC Stock in Focus: AMR Corp. (AAMRQ)
| Tech 24 – 01-09-2012 Shares of AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, surged in Friday’s trading session. AMR shares rose to an intra-day high of $0.41 on Friday before finishing the day 18.51% higher at $0.397, with volume at 24.52 million. |
One passenger’s ideas to fix American Airlines
| Sky Talk – 01-09-2012 Now, I thought I would post an essay written by a passenger that was sent to me shortly after the new year. |
American Airlines Leaving Bob Hope Airport in Burbank
| 4 NBC – 01-09-2012 American Airlines is shutting down service at Burbank’s Bob Hope Airport, the company announced Monday. |
American Airlines wants to hire SkyWorks to advise on aircraft financing
| Dallas News – 01-09-2012 American Airlines is asking the U.S. bankruptcy court n New York to allow American to hire SkyWorks Capital to help it figure out what to do with its airplanes and their financing. |
American Eagle wants to hire Bain as ‘strategic consultants’ in bankruptcy
| Dallas News – 01-09-2012 American Eagle is asking the U.S. bankruptcy court to allow it to hire Bain & Co. to assist in its Chapter 11 bankruptcy. In fact, American Eagle has been working with Bain for more than a year, American Eagle disclosed in a Friday filing. |
Analysis: Aircraft leases in crosshairs as AMR restructures
| Orlando Sentinel – 01-10-2012 AMR Corp , the bankrupt parent of American Airlines, is racing to renegotiate aircraft leases and bag what experts believe could be hundreds of millions of dollars in savings. |
NMB to bring American Airlines, unions together for an update
| Dallas News – 01-10-2012 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. |
A Look At The Airline Industry
| San Francisco Chronicle – 01-10-2012 In November 2011, American Airlines’ parent company, AMR Corporation (NYSE:AAMRQ.PK) filed for bankruptcy, despite a rather valiant attempt at recovery by its Chairman and CEO Gerard Arpey, after taking over from CEO Donald Carty in 2003. |
AMR Union: Don’t Fix Airline ‘On the Backs of Labor’
| The Street – 01-11-2012 The nine members of the creditors committee in AMR(AAMRQ.PK)’s bankruptcy have met twice, held weekly conference calls and selected advisers, but for the moment the group’s primary pursuit is awaiting management’s plan for reorganization of the world’s third-largest airline. |
PBGC Director Josh Gotbaum on the Importance of American Airlines’ Pension Plans
| PBGC – 01-12-2012 Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the American Airlines’ pension plans: |
Two companies study possible bids for American Airlines’ parent company
| KRMG Tulsa – 01-12-2012 Two companies are now studying the possibility for the takeover of Tulsa’s largest private employer. American Airlines’ parent company AMR filed for bankruptcy in November, with plans to reorganize. Now the Wall Street Journal reports Delta Airlines and TPG Capital are each looking at the possibility of making bids in bankruptcy court. |
PGBC director to American Airlines: Keep your pension commitments
| Dallas News – 01-12-2012 The Association of Professional Flight Attendants, which represents American Airlines flight attendants, passes on this statement Thursday from Pension Benefit Guaranty Corporation director Josh Gotbaum: |
Delta shares up on report of interest in American Airlines parent AMR Corp
| Deseret News – 01-12-2012 Shares of Delta Air Lines Inc. rose Thursday after a report that the world’s second-biggest airline may try to buy American Airlines parent AMR Corp. The Wall Street Journal reported that Delta and buyout firm TPG were separately looking at AMR, which is in the early stages of reorganizing through the bankruptcy process. |
American Airlines, in bankruptcy, starting to attract outside money
| Star Telegram – 01-12-2012 It didn’t take long for rivals and investment firms to begin circling bankrupt American Airlines. On Thursday, Delta Air Lines, US Airways and private equity firm TPG Capital were all reported to be considering bids for the Fort Worth-based carrier. |
American Eagle to Go All-Jet at Dallas/Fort Worth
| Airlines and Destinations – 01-12-2012 From January 31, American Airlines’ sister regional carrier American Eagle is replacing all of its ATR 72 turboprops now operating from Dallas/Fort Worth International Airport. |
New Tensions Over AMR’s Pension Plan: Company Says Retiree Benefits Could Be Cut
| Wall Street Journal – 01-13-2012 The head of the federal agency that oversees corporate pensions is ratcheting up pressure on the parent of American Airlines to preserve the pension plans of the airline’s 130,000 workers and retirees as it seeks to restructure in bankruptcy court. |
American Airlines Attracting Investor Interest
| Wall Street Cheet Sheet – 01-13-2012 Delta Airlines (NYSE:DAL) has reportedly engaged Blackstone (NYSE:BX) to help it in its bid to pick up bankrupt American Airlines, which would make it the largest carrier in the country. Another serious bidder is rumored to be private equity firm TPG Capital, a seasoned veteran in airline investing. According to Bloomberg News, US Airways (NYSE:UAL) may also throw its hat in the ring. |
In bankruptcy, AMR suddenly becomes hot topic
| Long Island Press – 01-13-2012 With the worst recent financial record in the industry and poisonous labor relations, American Airlines wasn’t a very attractive target for buyers. That view is changing now that American and parent AMR Corp. are reorganizing under the bankruptcy process at the same time that most other airlines have returned to profitability. Mergers have reduced competition and helped drive up fares. |
Digest-2012-01- 08 thru 14-in PDF