August 22, 2012
American Airlines – Court Update
Today, the debtors (American Airlines) filed a motion seeking court approval and authorization of the recently ratified new collective bargaining agreements (CBA’s) with the TWU Mechanic & Related and Stores employee groups.
The agreements reached, came about after an extensive proceeding under section 1113 of the Bankruptcy Code, a lot of hard work by the TWU negotiating committees, during protracted negotiations with American that were extremely hard fought, and at times contentious.
August 20, 2012
The CEO at the parent of American Airlines parent said that the airline has made "much progress" in rebuilding itself under bankruptcy protection and suggested that the company would continue to explore its strategic options.
Thomas Horton, the president of AMR Corp., made the comments in a letter to employees Monday, a day after flight attendants ratified a contract that includes concessions but also buyouts designed to avoid about 2,000 layoffs.