Recent Posts

February 03, 2012

AE BANKRUPTCY UPDATE

Brothers and Sisters,

On Wednesday Feb. 1, AMR announced their restructuring plan, a plan that deals a heavy blow to nearly 9,000 TWU members working at American Airlines.

As for American Eagle’s restructuring, the company was short on specifics saying, “due to fleet uncertainty we have not finalized our plan as of now.” The fleet uncertainty is attributed to contractual articles being addressed in AAs bankruptcy. They are:

February 02, 2012

Why American Should Not Be Harming Transport Workers Union

Peter Kaufman, Gordian Group president and head of Restructuring and Distressed M&A, on the recent bankruptcies from Eastman Kodak and AMR, and why this is just the beginning.

View the video here

February 02, 2012

 AMR BANKRUPTCY UPDATE

Brothers and Sisters,

As we all know, the AMR bankruptcy has exacerbated an already difficult time for our members. TWU recognizes the anxiety and fear inflicted by their actions on you and your families. Be assured, we are taking all actions possible to protect your job, your wages and benefits.

On Wednesday Feb. 1, AMR announced their restructuring plan, a plan that deals a heavy blow to nearly 9,000 of our members. Their reorganization plan will be evaluated and challenged by our negotiating teams.

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Court Updates

January 27, 2012

HEARING UPDATE

The Court considered and granted the Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. Sections 105(a), 345(b), 363(b), 363(c), and 364(a) and Fed. R. Bankr. P. 6003 and 6004 (A) Authorizing Debtors to (i) Continue Using Existing Cash Management System, (ii) Honor Certain Prepetition Obligations Related to the Use Thereof, and (iii) Maintain Existing Bank Accounts and Business Forms; (B) Extending Time to Comply with 11 U.S.C. Section 345(b) over the objection of the United States Trustee’s office.

The Court considered and granted the Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. §§ 105(a) and 366 (i) Approving Debtors’ Proposed Form of Adequate Assurance of Payment to Utilities, (ii) Establishing Procedures for Resolving Objections by Utility Companies, and (iii) Prohibiting Utilities from Altering, Refusing, or Discontinuing Service over the objection of several utilities.

The Court considered and agreed to enter the Stipulated Protective Order Pursuant to 11 U.S.C. § § 105(a) and 107(b) and Fed. R. Bankr. P. 9018 Establishing Procedures for the Protection of Confidential Information Provided by the Debtors to the Official Committee of Unsecured Creditors.

Press Releases

January 19, 2012

Washington -- The Transport Workers Union (TWU) announced today that the union has retained Gordian Group, LLC to provide investment-banking services during the bankruptcy reorganization proceedings at AMR Corporation, parent company of American Eagle and American Airlines.

“We’ve said from day one that we’re going to fight like hell for our members,” said TWU International Union President James C. Little. “That means having the best available talent in our corner, so we can level the playing field and advocate effectively for our members.” TWU represents more than 26,000 workers at American and American Eagle as well as thousands of retirees. 

This site is not meant to constitute a legal opinion or legal advice, and does not replace independent consultation with your own attorney as each employer and employee's situation is unique.