Aloha Wild Onion,
Fair enough. I dont really know how to get copies of court records. Maybe TWAnr could help. Here is a link to part of the IAM vs TWA LLC, AMR, APFA:
http://www.msnusers.com/AirlinePhotographs...0IAMvAPFA%2Epdf.
Section 28,29,&34 are of interest. Here is a copy of a letter sent March 9,2001 to the IAM from TWA LLC & Mr Carty:
For its part, American Airlines, Inc. (American) agrees to use its reasonable best efferts with its labor organizations representing the mechanics and related F/As craft or classes to secure a fair & equitable process for the intergration of SENIORITY. In that regard, American will engage a facilitator to organize meetings with the labor organizations representing the mechanics and F/As and American and TWA-LLC. American agrees to adopt the procedures that result from this process for seniority intergration of the mechanics and the F/As.
Section 28&29, says: American through CEO, Don Carty, agree and represented on numerous occasions that TWA-LLC employees would be provide benefits no less favorable than those applicable to similarly situated American employees. One such benefit was bid seniority benefit often referred to as Occupational Seniority.
I believe that one or more of those, numerous occasions, Don Carty represented was in court before the barkrupcy Judge.
We all know that the process and meetings never took place. Like I have said the courts will decide. Again, too bad it didnt have to be this way if Mr Carty had honored the contract and kept his word. I know that he got 2/3s of the way there, and that was good, but you cant just pick and chose. Its a total package.
As an investor, I still believe he is doing the best he can trying to figure out the future of aviation and how it will operate. The old school way is out. This is still the fall out from deregulation. It will take some bold steps by Mr Carty in the near future to make AA work in the years to come. I for one think he can do it. The BOS-LGA-DCA is one such bold move. We will see more like that soon. Im buying back in at $3. Just IMHO.
ALOHA, 007