January 22, 2012
In a corporate bankruptcy, how much difference can a community make?
Tulsa, whose economy owes much to American Airlines, aims to find out. Early this month, more than 30 leaders launched a public campaign to keep American's maintenance base open and protect more than 6,500 jobs there.
Read the entire article here
January 21, 2012
The Transport Workers Union filed its objections Friday to the hiring of Bain, calling the proposed fees unreasonable and based on extracting concessions out of American Eagle employees.
AMR Eagle, which filed for bankruptcy along with parent AMR and other AMR subsidiaries on Nov. 29, wants to hire Bain to "assist in labor-cost assessment and negotiation," at a cost of $525,000 a month.
In its filing, the TWU called Bain & Co. ""among other numerous and overlapping layers of professionals, some of whom are entirely unnecessary and all of whom the Debtors propose to retain at a significant and unreasonable expense to the Debtor's estate.
Read the entire article here
January 20, 2012
The Transport Workers Union of America, AFL-CIO (the “TWU”), a creditor and party in interest in the chapter 11 bankruptcy cases of the above-captioned debtors and debtors-in-possession (the “Debtors”), submits this objection (the “Objection”) to the Application of American Eagle Airlines, Inc. for Entry of an Order Authorizing the Retention and Employment of Bain & Company, Inc. as Strategic Consultants Nunc Pro Tunc to December 14, 2011 (the “Application”). In support of this Objection, the TWU respectfully represents as follows:
Download the document here