Bankrupt AMR Corp. has agreed to freeze the pension plan in place for members of the Transport Workers Union (TWU) rather than shift the burden to the U.S. government’s Pension Benefit Guaranty Corporation (PBGC), the TWU anno
American Eagle will furlough 50 pilots effective April 5 in connection with bankrupt parent company American Airlines’ decision to remove another nine ATR 72s from its regional subsidiary’s fleet, this time from its Miami base, according to an internal “Eaglewire” American Eagle president Dan Garton sent to employees yesterday.
Transport Workers Union president James Little expressed “shock” last week at the depth of concessions AMR Corporation has asked from its employees as part of its plan to emerge from bankruptcy.
American Eagle last month confirmed plans to replace all of its ATR 72 turboprops operating from Dallas/Fort Worth International Airport with Embraer ERJ 135s, 140s and 145s. As a result, 14 markets throughout Arkansas, Louisiana, Missouri, Oklahoma and Texas gained all-jet service beginning January 31.
Members of the Transport Workers Union (TWU) picketed GOP presidential candidate Mitt Romney during the days leading up to the Florida primary election on January 31.
AMR Corporation’s bankruptcy filing in late November will at least delay the planned divestiture of its American Eagle subsidiary, as well as throw into disarray any agreements forged between leaders of the Air Line Pilots Association (ALPA) and airline management.
Orders for hundreds of Boeing and Airbus narrowbodies stand subject to revision following AMR Corporation’s Chapter 11 filing last week. However, both manufacturers remained sanguine about the extent to which the reorganization of the company and its American Airlines subsidiary might affect their respective contracts.
AMR Corporation and its two U.S. airline subsidiaries, American Airlines and American Eagle, filed for Chapter 11 bankruptcy today after failing to agree to cost-cutting measures with its pilots.
American Eagle president and CEO Peter Bowler has given AMR notice of his retirement after a 26-year career with American Airlines and its regional subsidiary.
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