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  • Bankruptcy Update May 4th

     

       

     

    May 4, 2012

       

     

       

     

     

     

     

     

    AE Bankruptcy Update

                     
       


    TWU Negotiators reconvened meetings with the company on Tuesday, May 1 at Flagship University. The TWU negotiators continued receiving and reviewing documents that had been provided and updated by the company, in an effort to assess the asks and move towards potential consensual deals.

    TWU's economist, John Donnelly, met with the company again regarding their financial models. He continues to assist the groups in their analysis of the Company's asks. Also assisting the TWU negotiators throughout this process, labor attorneys Mark Richard and Christina Gornail continued to meet with the teams for all workgroups this week.

    Our negotiators will reconvene pre 1113 negotiations again next Tuesday, May 8 at FSU, and continue to work hard to reach consensual deals with the company.

       

     

     

     

     

     

     

     

     

     

     

    BANKRUPTCY IN THE NEWS

                     

     

     

     

     

     

       

    TWU Members Get to Vote on American's Latest Offer Starting on May 10
    Star Telegram
    American Airlines' latest offer to its mechanics and ground crew workers union saves about 3,300 jobs that would have been eliminated under the Fort Worth-based carrier's previous restructuring plan.

    The departure of Jeff Brundage
    Dallas Morning News
    On Tuesday afternoon, an American Airlines pilot I know and respect called me to make sure I had heard the news: American's chief labor negotiator, Jeff Brundage, had been fired.

    Unions Call on AMR Board to Support U.S. Air Merger
    Reuters
    Three labor unions at American Airlines are appealing directly to the company's board of directors to support a merger with rival carrier US Airways Group (LCC.N), a step that managers at carrier's parent, AMR Corp (AAMRQ.PK), have so far resisted.

    American Airlines Sues to Stop Union Election
    Bloomberg
    American Airlines is suing a federal agency to block a union from holding an election to represent about 10,000 nonunion employees.

    Eagle ALPA Looks at the US Airways Situation
    Dallas Morning News
    We've received a number of emails from people who want to know what's going on between US Airways and American Eagle since US Airways is trying to take over American Airlines. The answer is that we don't know. Someone has shared a Q&A that the Air Line Pilots Association unit at American Eagle has put out, and so we'll share it, as well.

    Labor Unions Ask Directors of American Airlines Parent AMR to Consider Merger with US Airways
    Washington Post
    Leaders of the three labor unions at American Airlines made a public appeal Thursday for company directors to start talking to US Airways immediately about a merger.

       

     

     

     

     

     

         

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