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September 19, 2013

Court hearing on American's Alliance maintenance base lease rescheduled for October 16

The court hearing scheduled to discuss American Airlines' lease on its Alliance Airport maintenance base in Fort Worth has been moved to October 16.

In a bankruptcy filing made on Wednesday, attorneys were notified that the hearing scheduled for next week had been pushed off and that objections to American's termination of its lease could still be filed.

In August, American reached a deal with the city of Fort Worth to terminate its lease agreement on the maintenance facility so another company could use the building.

Under the agreement, filed in court, American will receive $9.75 million from AFW Solutions, which will assume the lease for the 1.8 million-square-foot facility. American will also pay $1.5 million to assume leased equipment that it continues to use at its engine overhaul facility that it operates with Rolls-Royce at Alliance.

The maintenance hangar first opened in 1991 and could hold several wide-body plans at its docks at one time. It closed late last year as American shifted maintenance work to its Tulsa facility and third-party maintenance vendors.

Currently, American pays a base rent of $100 per year but is also obligated to pay charges and expenses for the facility estimated at $7 million annually.

-Andrea Ahles


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