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December 13, 2012

Horton meets with pilots union, reiterates plan for standalone American

AMR chief executive Tom Horton met with pilots union leaders for almost three hours on Thursday and reiterated his support for American Airlines to emerge from bankruptcy as a standalone carrier.

Allied Pilots Association spokesman Gregg Overman said Horton believes the carrier should pursue a merger after it completes its restructuring.

"The union leadership will give Mr. Horton's presentation due consideration," Overman said. The APA ratified a new contract with American last Friday.

He added that the pilots union will invite US Airways chief executive Doug Parker to make a similar presentation to the union board. The APA has publicly supported a merger with US Airways and signed a conditional labor agreement with the Tempe-based carrier in April.

American spokesman Michael Trevino gave few details of Horton's meeting with the pilots union board.

"We met with our pilot union to thank them for their leadership in reaching a new agreement, discuss the next steps in our evaluation of strategic alternatives and exchange information and thoughts about how to continue the positive momentum we are creating for our people and our customers," Trevino said.

-Andrea Ahles

Comments

casual observer

When will the rank and file pilots be privy to these "meetings?" It seems like the APA board is taking on quite a bit of power determining the best direction going forward. Is this why the APA board is holding onto the equity stake for now instead of divvying it up quickly? Are all pilots in full support of the APA board, or could there be some dissent in the ranks?

M Moreno

Who will make the decision on whether a merger with US Airways or the stand-alone plan is the better choice? Is it Horton, AMR Board Members, the Unsecured Creditors Committee (UCC), or the Bankruptcy Judge?

If Horton makes the decision not to merger, can the UCC or Bankrutpcy judge override it?

As Samas

Of course...Horton wants a big payout from the IPO.

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