Yea..especially considering AA will have no more Pilot contract roadblocks.
Actually, our roadblock has a name, and it's Lazard Ltd.
***
AMR Pilots Union in Talks With Lazard
By Mike Spector and Jack Nicas
The union representing American Airlines pilots is in discussions with a Wall Street investment bank to gear up for negotiations on a new labor contract during bankruptcy proceedings.
The Allied Pilots Association is in talks with Lazard Ltd. to represent the pilots during AMR Corp.’s bankruptcy case, said APA President Dave Bates and people familiar with the discussions.
The union, which represents more than 10,000 AMR pilots, has been interviewing firms to analyze AMR’s finances for months, and now is close to hiring Lazard, said Mr. Bates, an American pilot for 28 years. An agreement has not been finalized, said people familiar with the matter.
“We’ve talked to a number of firms, but we think Lazard is top notch,” Mr. Bates said in an interview. “The role will take on more importance now that we’re in the bankruptcy process.”
The union also talked with former White House manufacturing czar Ron Bloom, Mr. Bates said, but Mr. Bloom’s “availability is scarce right now,” he said. The union is not expecting to retain Mr. Bloom, who is currently working on the restructuring of the U.S. Postal Service.
A Lazard spokeswoman declined to comment. Mr. Bloom didn’t respond to requests for comment.
The discussions signal the pilots union is readying for a significant battle over their economic futures and attempting to assemble a roster of experienced negotiators to look out for their interests.
Lazard’s restructuring practice represents companies and creditors in many large bankruptcies, and recently negotiated on behalf of the United Auto Workers union during historic contract bargaining and subsequent bankruptcies for General Motors and Chrysler. Lazard and Mr. Bloom teamed in October to negotiate for the union representing U.S. Postal Service letter carriers.
Mr. Bloom, once a Lazard banker himself, has a long history representing unions, including the Air Line Pilots Association. He’s also advised the United Steelworkers union and the Teamsters, and more recently helped craft the president’s government-brokered restructurings of General Motors and Chrysler.