March 15, 2012
Dear Mr. Gless:
I am pleased to write this letter in support of the Transport Workers Union (TWU) of America as you initiate the process for changes to your collective bargaining agreements with American Airlines, pursuant to Section 113 of the Bankruptcy Code.
Download the complete letter here
March 14, 2012
Today, American Eagle confirmed with TWU leaders that they will begin their Section 1113 process next Wednesday, March 21 at the American Airlines Training and Conference Center at 9:00am cdt. The meeting is for all represented work groups and negotiating committees.
American Eagle CEO Dan Garton will provide an overview of the company’s business plan and the cost savings target that they expect from their labor groups. Following Garton’s presentation the company has scheduled meetings for the remainder of the day to present the detailed 1113 term sheets to all parties.
March 13, 2012
The TWU Negotiators met today at Flagship University amid a flurry of media rumors reporting a possible merger with U.S. Airways and American Airlines. There are no facts to substantiate these rumors.
Last week AMR filed for a six month extension for its exclusive reorganization time limit which expires March 28. If the court agrees to the extension it would give them until September 28, 2012 to fulfill their business plan. Requests for extension of the exclusivity period are fairly common and were expected.