Friday, April 20, 2012
Unions representing American Airlines pilots, flight attendants and ground workers made big news this morning by releasing a joint statement announcing their support for a merger between American, currently in bankruptcy, and US Airways. See Press Release, Allied Pilots Association, Allied Pilots Association, Association of Professional Flight Attendants and Transport Workers Union Join in Support of American Airlines-US Airways Merger, April 20, 2012 (available here). For now, American Airlines' management retains the exclusive right to present a reorganization plan to the bankruptcy court, but if other unsecured creditors side with the unions, the court could begin hearing other plans. See David Koenig and Joshua Freed, US Airways Makes Deals With 3 AMR Unions, Associated Press, April 20, 2012 (available here). In its response, American management characterized the union's statement as an opening salvo before the beginning of the bankruptcy Section 1113 process next week, in which American will attempt to reject and alter its collective bargaining agreements with the unions. See Andrea Ahles, American Responds to Union Support of Possible US Airways Bid, Sky Talk, April 20, 2012 (available here).