This morning, the AMR announced the board members of the new company that will be effective after the closing of the expected merger with U.S. Airways. The Board of Directors will be comprised of 12 members:
Thomas Horton- Chairman of the Board through the first shareholder’s meeting Doug Parker- Chief Executive Officer and board member (successor chairman of the board to Thomas Horton) John T. Cahill (lead independent director) James F. Albaugh Jeffrey D. Benjamin Michael J. Embler Matthew J. Hart Alberto Ibarguen Richard C. Kraemer Denise M. O’Leary Ray M. Robinson Richard P. Schifter The senior leadership team was also announced today and will include: read more...
Dear Brothers & Sisters:
The AA Presidents Council met on May 29 & 30, 2013 at the ATD office in Hurst, Texas to review the Power Point presentation and the preliminary plan document as presented by your TWU Equity Distribution Committee and legal counsel.
Read the letter here read more...
On March 23, 2012, the U.S. Trustee appointed a retiree committee (the “Retiree Committee”) pursuant to section 1114 of the Bankruptcy Code to represent the interests of retired persons in the AMR chapter 11 cases.
Section 1114 provides that a debtor may not modify or terminate certain retiree benefits unless the debtor can show, among other things, that such modifications are necessary to permit the reorganization of the debtor. The “retiree benefits” entitled to the protection of section 1114 include payments by a debtor for the purpose of providing or reimbursing payments for retired employees and their spouses and dependents for medical, surgical or hospital case or benefits in the event of sickness, accident, disability or death under any plan, fund or program (including through the purchase of insurance). read more...
September 24, 2013
The Court conducted the thirty-sixth omnibus hearing today. The main item on the agenda was a pretrial conference in the case of Fjord v. AMR Corporation, Adv. Pro. No. 13-1392. The plaintiffs in this action allege antitrust violations under section 7 of the Clayton Act. This is a separate action from the one brought by the Department of Justice and the Attorneys General pending in the District Court in Washington D.C.. After extensive argument the Court determined that the District Court action should be heard and determined first, with this private action proceeding after the District Court has rendered a ruling. In the event of a settlement of the District Court action, the parties are to return to the Bankruptcy Court to discuss scheduling.
October 02, 2013
Transport Workers Seek a Seat at the Table in US Airways/American Airlines Merger Case
Case will go forward despite government shutdown
Washington, DC - Oct 2, 2013 – The Transport Workers Union has taken legal action in federal court to protect the jobs, pay and benefits of its members, TWU President Harry Lombardo said today.
The TWU, Lombardo said, is seeking intervenor status in a lawsuit filed by the U.S. Department of Justice (DOJ) against the proposed merger of American Airlines and U.S. Airways. The case will go forward despite the current government shutdown, under terms of an order issued on Oct. 1 by U.S. District Judge Colleen Kollar-Kotelly.