Representing the Flight Attendants
of American Airlines

Representing the Flight Attendants of American Airlines

4.16.13 – (LAA) – AMR Files Plan of Reorganization

 

AMR Files Plan Of Reorganization

April 16, 2013


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Yesterday evening (April 15), AMR filed the much-anticipated plan of reorganization (POR) and disclosure statement in bankruptcy court. The POR formalizes the merger plan with US Airways including labor agreements, equity claims, and severance packages for outgoing executives.

The Disclosure Statement must first be approved by the court as containing adequate information. The Disclosure Statement describes the Plan of Reorganization, the history of the bankruptcy case, the kind of compensation creditors will receive for their claims, and the company’s finances and operations once it emerges from bankruptcy protection.   As  shown in the time line below the hearing to approve the Disclosure Statement is set for May 30. Then, AMR will send the disclosure statement, the POR, and a ballot to all creditors so that they can vote. The Court then holds a hearing to confirm the plan. Since the merger plan already has the support of the UCC, our team does not expect any significant objections to the disclosure statement or the POR.

Yesterday’s motion requested the following timeline for the significant milestones remaining in this bankruptcy:

May 23 at 4:00pm – Disclosure Statement Objection Deadline

May 30 at 11:00am – Disclosure Statement Hearing

June 20 – Solicitation Deadline (ballots must be distributed to each creditor by this date)

June 29 – Voting Deadline

August 1 at 4:00pm – Plan Confirmation Objection Deadline

August 8 – Voting Certification Deadline

August 12 at 4:00pm – Deadline to Reply to Plan Objections

August 15 – Plan Confirmation Hearing

 


APFA Hotline Update

Tuesday, April 16, 2013

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Due to the systemwide SABRE/FOS outage, we expect many flight delays along with the inability to sign-in for your trips or stand-by assignments.

Procedures for “FOS Outage” may be found in our manual, under Sign-in/Pre-Flight 2.1, which outlines how Flight Attendants will sign-in for a trip or assignment.

In addition, Article 9.P, outlines the Misconnect/Illegality/Cancelation (MIC) procedures for mid-sequence and sequence origination in the event your trip is cancelled or rescheduled.

AmericanAirlines + US Airways
“Moving Forward”

Leslie Mayo
APFA National Communications Coordinator  

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