TWU AA/AE Bankruptcy Information

Summary of Motion to Approve MOU

The Debtors filed a motion seeking to approve the memoranda of understanding among certain of the Debtors,  US Airways, Inc. and any successor (“US Airways”) and the various unions representing the employees of the Debtors and US Airways.  The memoranda of understanding address the effect of the expected merger between American and U.S.  Airways.  With regard to the TWU, the memorandum of understanding (the “MOU”) provides as follows:

i. New CBA Modifications. Upon the effective date of the merger, the terms and conditions of the new collective bargaining agreements of the seven TWU-represented workgroups that were previously approved by the Bankruptcy Court on June 28, 2012 and September 12, 2012, respectively, will continue to remain in full force and effect, except that:

DALLAS, TX - February 14, 2013 – Leaders from five major unions representing more than 60,000 American Airlines and US Airways employees today voiced their strong support for the merger of AMR Corporation (OTCQB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC). The merger of American Airlines and US Airways was announced today.

>>Download the full press release here.