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December 07, 2012

American asks bankruptcy court to approve new pilots contract on Dec. 19

American Airlines' lawyers have asked the bankruptcy to court to consider approving its newly-ratified contract with the pilots at a hearing scheduled for December 19.

The bankruptcy code requires at least 21 days notice before a new business contract can be approved by the court. However, American's attorneys argue that as soon as the new agreement is put into effect it will "generate considerable annual cost savings to the Debtors."

"Both American and the APA are anxious to have the new CBA approved by the Court and promptly implemented so that the significant benefits attendant thereto can be realized for all of the parties in interest," the court filing made on Friday afternoon said.

-Andrea Ahles

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Comments

AANOTOK

AA wants to speed up the process that benefits them. Yet they owe it's TWU members thousands of dollars in prefunding refunds and don't seem to care in speeding up it's distribution. Some things will never change.

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