Published 14 Mar, 2012
Today, American Eagle confirmed with TWU leaders that they will begin their Section 1113 process next Wednesday, March 21 at the American Airlines Training and Conference Center at 9:00am cdt. The meeting is for all represented work groups and negotiating committees.
American Eagle CEO Dan Garton will provide an overview of the company’s business plan and the cost savings target that they expect from their labor groups. Following Garton’s presentation the company has scheduled meetings for the remainder of the day to present the detailed 1113 term sheets to all parties.
Eagle VP Cathy McCann announced in an email, “we will also provide a schedule for additional meetings on Thursday and Friday for your advisors to be introduced to the data exchange process and so that we can walk each group through the valuation of the term sheets and other pertinent information.”
For our brothers and sisters at American Eagle, please go to the TWU web site for up to date information concerning the bankruptcy. Members can sign up for email alerts and text messages whenever updates or breaking news about the bankruptcy develops. If you have friends who are retired and would like the information, please let them know about the web site. www.twubkfacts.org