March 01, 2012
The Bankruptcy Court approved the debtors' applications to retain and employ Skyworks Capital, LLC as an aircraft restructuring advisor, McKinsey Recovery & Transformation Company, Inc. Japan as a management consultant and Boston Consulting Group, Inc as a strategic consultant including to review and streamline the debtors' management structure. As to Boston Consulting Group, Inc., the court overruled the objection of the Association of Professional Flight Attendants. Check the best carry on luggage models of the year.
February 24, 2012
The Debtors' filed a Sixth Omnibus Motion of Debtors for Entry of Order Pursuant to 11 U.S.C. § 365(a) Authorizing Rejection of Certain Executory Contracts (Docket No. 1338).
According to the motion, over the years, in order to finance the costs of acquisition, construction, equipment, and improvement by American Airlines of certain airport facilities located at the Dallas/Fort Worth International Airport and the Alliance Airport, the Dallas/Fort Worth International Airport Facility Improvement Corporation (“DFWFIC”) and the Alliance Airport Authority, Inc. ( “AAA”), issued certain special facilities revenue bonds. In connection therewith, American Airlines entered into separate Facilities Agreements with DFWFIC and AAA relating to each series of special facilities revenue bonds issued by DFWFIC or AAA, respectively. To date, American Airlines is a party to seven Facilities Agreements with DFWFIC (collectively, the “DFW Facilities Agreements”) and two Facilities Agreements with AAA (collectively, the “AAA Facilities Agreements”).
February 22, 2012
Today the TWU submitted its response to (i) the motion of the AMR Retirees Pension Protection Corp. (“ARPPC”) for entry of an order appointing an official committee of retired employees pursuant to section 1114(d) of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the motion (Docket No. 1132) of the Ad Hoc Committee of Passenger Service Agents for appointment of a retirees committee pursuant to 11 U.S.C. § 1114(d) (collectively, the “Motions”) not take a position on the Motions but to confirm that should the Court direct the appointment of a retiree committee pursuant to section 1114(d) of the Bankruptcy Code, the TWU elects to serve as the representative of TWU-represented retirees and would seek to participate, through a designated representative, as a member of such committee.