What does the Merger announcement mean for our TWU members?
TWU work groups will continue to operate under the American Airlines collective bargaining agreements.
The Memorandum of Understanding (MOU) negotiated last month with American Airlines and US Airways will provide a wage increase of 4.3 percent over and above previously negotiated contract agreements for TWU represented crafts or classes, effective immediately upon the U.S. Bankruptcy Court approval of the merger and a plan of reorganization.
In addition, per the MOU, the equity grant and other contract settlement terms, as approved by the bankruptcy court, will be honored.
Download a PDF copy here. read more...
QUESTION: The IBT has said, in a letter dated February 6, 2012, that “Under the Settlement Agreement that ended American Airlines’ concessionary negotiations with the TWU, American mechanics and related employees are to receive 4.8 percent of the total equity in American….that is allotted to a certain class of unsecured creditors.” They further state that “If the IBT replaces the TWU, the IBT will hold and distribute that equity stake….” Are the statements by IBT about the equity true? read more...
(Reuters) AMR Corp (AAMRQ.PK) creditors plan to meet on Monday to potentially vote on a merger agreement between the bankrupt parent of American Airlines and US Airways Group Inc (LCC.N), several people familiar with the matter said.
The two airlines are working to finalize an agreement over the weekend so the board of each company could also meet to vote on the deal on February 11, the same day when AMR's unsecured creditors committee is scheduled to convene, the people said.
If the parties meet this potential timetable - as currently envisioned but seen as aggressive - a merger agreement could come as soon as Tuesday, the people said, asking not to be identified because the matter is not public. read more...
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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.
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