Recent Posts

January 17, 2012

DALLAS – With the worst recent financial record in the industry and poisonous labor relations, American Airlines wasn't a very attractive target for buyers.

That view is changing now that American and parent AMR Corp. are reorganizing under the bankruptcy process at the same time that most other airlines have returned to profitability. Mergers have reduced competition and helped drive up fares.

Read the entire article here

January 16, 2012

The head of the federal agency that oversees corporate pensions is ratcheting up pressure on the parent of American Airlines to preserve the pension plans of the airline's 130,000 workers and retirees as it seeks to restructure in bankruptcy court.
A lawyer for AMR Corp., which filed for Chapter 11 bankruptcy-court protection in late November, has suggested publicly that the airline's pensions are too costly, and may need to be cut.

Read the entire article here.

January 16, 2012

In what could be seen as a precursor to what the National Mediation Board is saying to American Airlines' unions at a meeting in Fort Worth on Thursday, the Transport Workers Union has divulged a little of what was said to its American Eagle union representatives on Wednesday.

Federal mediators met with the TWU, which represents American Eagle ground workers and mechanics, on Wednesday afternoon and told them it remains committed to helping the unions reach labor agreements despite AMR Corp.'s bankruptcy filing in November.

Read the entire article here.

January 12, 2012

WASHINGTON—Pension Benefit Guaranty Corporation Director Josh Gotbaum released the following statement today on the American Airlines' pension plans:

Some have suggested that American must duck its pension commitments and kill its pension plans in order to survive.  We think that commitments to 130,000 workers and retirees shouldn't be disposable, that American should have to prove in court that this drastic step is necessary.

Read entire article here

January 09, 2012

Board Member Harry Hoglander and Director of Mediation Services Larry Gibbons will hold a status conference.

View the notices below:
Meeting Notice - NMB Case Numbers A-13472 A-13491

Meeting Notice - NMB Case Numbers A-13473 A-13485-86 A-13495

January 06, 2012

In recent weeks much has been written on this site and elsewhere about the November 29th bankruptcy filing by American Airlines. But while nearly all travelers know that American has joined every other U.S. legacy carrier by filing for Chapter 11, many may not realize the nation's last major domestic airline maintenance facilities are one step closer to extinction. For years, American has been bucking an industry trend by continuing to perform nearly all aircraft maintenance in-house. But now all that could change.

Read the entire article here

January 04, 2012

TULSA, Oklahoma - A group made up of political, business and union leaders used the first business day of the new year to show a united front and send a strong message to American Airlines' corporate leaders.

As the airline goes through bankruptcy, no one is sure how that might impact Tulsa's maintenance facility and the more than 6,500 people who work there.

Read entire article here

January 02, 2012

Dear Brothers:

As expected, we were not confronted with an 1113 “ask” over the holidays.  Once we do receive the section 1113 proposals, we will let you know and post them.
Garry Drummond
Director Air Transport Division
International Vice President

December 30, 2011

FORT WORTH, Texas, Dec. 29, 2011 /PRNewswire/ -- AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, reported that it has received written notification from the New York Stock Exchange (NYSE) advising AMR that its common stock, traded under the symbol AMR, its 9% Debentures due 2016 traded under the symbol AMR 16 and its 7.875% PINES (Public Income Notes) due 2039 traded under the symbol AAR will be suspended from trading on the NYSE, and that the NYSE will apply to the Securities and Exchange Commission to commence delisting procedures for these securities.  The suspension will begin prior to the opening of the market on Thursday, Jan. 5, 2012. NYSE advised AMR that it is taking these steps because the average closing price of AMR's common stock fell below the NYSE's continued listing minimum share price standard of $1 over a consecutive 30-trading-day period.

Read the entire article here

AMR Asks Permission to Pay Rothschild $15 Million Fee as Financial Adviser
December 29, 2011

AMR Corp. (AMR), the bankrupt parent of American Airlines, asked a judge to approve its hiring of Rothschild Inc. as a financial adviser and investment banker, with a promise of $15 million in fees on confirmation of a bankruptcy plan or restructuring transaction.

Read the entire article here

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