June 16, 2013
By Terry Maxon; The Dallas Morning News ~ Jun 14, 2013
I’ve received several emails just in the past week from American Airlines/AMR retirees asking me what I’ve heard on the battle over retiree health and life benefits.
The short answer is that we’re still where we were on Jan. 23, 2013, the date that U.S. Bankruptcy Judge Sean Lane conducted a hearing on American’s motion. There’s been no decision, and no further hearings are scheduled.
American had asked Lane to rule that the company wasn’t obligated to continue offering the benefits. The Official Committee of Retirees had responded that American most certainly is obligated to do so.
June 12, 2013
As part of the resolution of the American Airlines bankruptcy, TWU negotiated a 4.8% share of the total claims recovered by general unsecured creditors. Below are links to more information on the equity distribution and meeting dates.
Informational Meetings Schedule
Informational Meetings Flyer
June 10, 2013
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: