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The union representing pilots of AMR Corp.’s American Airlines objected to the carrier’s request to throw out a collective bargaining agreement as part of its reorganization.
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Goldman Sachs Group Inc. may emerge as a pivotal participant in deciding the fate of AMR Corp.’s American Airlines in bankruptcy.
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US Airways Group Inc. moved closer to making a takeover offer for AMR Corp.’s American Airlines in bankruptcy by reaching agreements on contract terms with the carrier’s major unions.
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American Airlines’ three largest unions have agreed to support a possible takeover offer from US Airways Group Inc. rather than remain independent, three people familiar with the matter said.
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AMR Corp.’s American Airlines, the third-largest U.S. airline, asked a bankruptcy judge to let it void labor contracts with union workers after failing to reach agreements on $1.25 billion in annual cost reductions.
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American Airlines and the union for its 16,000 flight attendants have suspended negotiations over $230 million in cost reductions the carrier said it needs to successfully reorganize in bankruptcy.
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Pilots at AMR Corp.’s American Airlines are questioning the ability of potential suitor US Airways Group Inc. to orchestrate a successful merger, a senior executive said.
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American Airlines was sued by its pilots’ union, which is seeking to block the airline from rejecting a labor agreement and forcing new employment terms on the union because the contract has expired.
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AMR Corp.’s American Airlines plans next week to start a bankruptcy-court process for rejecting union contracts after failing to reach a deal to cut labor costs.
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AMR Corp.’s American Airlines plans to start a bankruptcy-court process for rejecting union contracts next week after failing to reach a deal to cut labor costs.
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