If and only if AA goes Bankrupt will Eagle Contracts...

[WXGuesser]

WNP:

Didn''t the sale of the 26% interest in WorldSpan go through already?

TANSTAAFL

 

[WingNaPrayer]

This is all of the companies that will fall under an AMR bankruptcy:


[SIZE= 10pt]Airline Management Services, Inc. [/SIZE]
[SIZE= 10pt]American Airlines, Inc. [/SIZE]
[SIZE= 10pt]AA 2002 Class C Certificate Corporation [/SIZE]
[SIZE= 10pt]AA 2002 Class D Certificate Corporation I [/SIZE]
[SIZE= 10pt]AAV Tours LLC [/SIZE]
[SIZE= 10pt]Getaway Vacations LLC [/SIZE]
[SIZE= 10pt]Admirals Club, Inc. (Massachusetts only) [/SIZE]
[SIZE= 10pt]AEROSAN S.A. (50%) [/SIZE]
[SIZE= 10pt]AEROSAN Airport Services S.A. (50%) [/SIZE]
[SIZE= 10pt]American Airlines Australian Tours, Inc. [/SIZE]
[SIZE= 10pt]American Airlines de Mexico, S.A. [/SIZE]
[SIZE= 10pt]American Airlines de Venezuela, S.A. [/SIZE]
[SIZE= 10pt]American Airlines Holding Company, Inc. [/SIZE]
[SIZE= 10pt]Stockwood Shelf-Co (130) (50/50 AA/AMR) [/SIZE]
[SIZE= 10pt]American Airlines Overseas Finance, N.V. [/SIZE]
[SIZE= 10pt]American Airlines Realty (NYC) Holdings, Inc. [/SIZE]
[SIZE= 10pt]AMR Training Group, Inc. [/SIZE]
[SIZE= 10pt]AMR Ventures III, Inc. [/SIZE]
[SIZE= 10pt]one [/SIZE][SIZE= 10pt]world Alliance, LLC (33.4%) [/SIZE]
[SIZE= 10pt]one [/SIZE][SIZE= 10pt]world Management Company Ltd. (33.4%) [/SIZE]
[SIZE= 10pt]Texas Aero Engine Services, L.L.C, dba TAESL (50/50 AA/Rolls-Royce) [/SIZE]
[SIZE= 10pt]TWA Airlines LLC [/SIZE]
[SIZE= 10pt]TWA Stock Holding Company, Inc. [/SIZE]
[SIZE= 10pt]Trans World PARS, Inc. [/SIZE]
[SIZE= 10pt]Worldspan, L.P. (26%) [/SIZE]
[SIZE= 10pt]Americas Ground Services, Inc. [/SIZE]
[SIZE= 10pt]Aerodespachos Colombia, S.A. [/SIZE]
[SIZE= 10pt]Caribbean Dispatch Services, Ltd. [/SIZE]
[SIZE= 10pt]Dispatch Services 93, S.A. [/SIZE]
[SIZE= 10pt]DSA [/SIZE]
[SIZE= 10pt]International Ground Services, S.A. de C.V. [/SIZE]
[SIZE= 10pt]Panama Dispatch [/SIZE]
[SIZE= 10pt]Peru Dispatch Company [/SIZE]
[SIZE= 10pt]AMR Aircraft Sales & Leasing Company [/SIZE]
[SIZE= 10pt]AMR Eagle Holding Corporation. [/SIZE]
[SIZE= 10pt]American Eagle Airlines, Inc. [/SIZE]
[SIZE= 10pt]AMR Leasing Corporation [/SIZE]
[SIZE= 10pt]AMR Eagle Maintenance Services Group, Inc. [/SIZE]
[SIZE= 10pt]Aero Perlas (20%) [/SIZE]
[SIZE= 10pt]Eagle Aviation Leasing, Inc. [/SIZE]
[SIZE= 10pt]Eagle Aviation Services, Inc. [/SIZE]
[SIZE= 10pt]Executive Airlines, Inc. [/SIZE]
[SIZE= 10pt]AMR Finance, Inc. [/SIZE]
[SIZE= 10pt]AMR Foreign Sales Corporation, Ltd. [/SIZE]
[SIZE= 10pt]AMR Holding Company, Inc. [/SIZE]
[SIZE= 10pt]AMR Investment Services, Inc. [/SIZE]
[SIZE= 10pt]American Private Equity Management, LLC [/SIZE]
[SIZE= 10pt]Avion Assurance Ltd. [/SIZE]
[SIZE= 10pt]PMA Investment Subsidiary, Inc. [/SIZE]
[SIZE= 10pt]SC Investment, Inc.
[/SIZE]
***** ***** ***** ***** *****
And that is a LOT to think about!

 

[TimeOff]

Hi all
I have a question if and only if AA goes Bankrupt now or in the near furture, will the Eagle contracts also be affected by a BK judge. The company claims that we are also an asset for AMR.
The F/A''s of American Eagle and AE Ground Groups are in Section 6 negotiations at this moment(not going well may I say so ) could this put a stop to our negotiations and if so can a judge also make cuts to our contract that we now have current?

Life is so short, but bills keep poping up!

TimeOff

 

[WXGuesser]

TimeOff:

It would be impossible for only AA to go bankrupt, since it is not an business entity in and of itself. AMR, which owns both Eagle and AA is the business entity. Eagle and AA are just trademarks and units within the AMR Corporation. If AMR goes bankrupt, you are just as vulnerable (potentially) as the AA folks.

TANSTAAFL

 

[WingNaPrayer]

I believe they still have their finger in the pot somwhere at worldspan. But then, their financial report only encompasses 2002 so anything that was done in 2003 is not reflected.

***** ***** ***** ***** *****

 

[Oliver Stone''s Apprentice]

If the language is as you say it is, then yes, it is possible. Having the right to do something and actually doing it are two different things, though.

Is there a lot more to gain by arbrogating? Absolutely.

Is there a risk in doing so? Absolutely.

 

[WXGuesser]

----------------
On 4/16/2003 2:42:07 PM eolesen wrote:

If the language is as you say it is, then yes, it is possible. Having the right to do something and actually doing it are two different things, though.

----------------​

I have to disagree with you there...

No offense intended, but to make that decision requires ethics, and as we all should be quite aware, "Business ethics" is like "Rap Music", "Civil War" and "airline job security"; an oxymoron.

TANSTAAFL

 

[WXGuesser]

eolesen:

I re-read the TWU T/A and it does give the company the right to throw out all the AA contracts (i.e. no S. 1113 letter) if all the workgroups do not approve the T/As. I had stated that incorrectly somewhere else.

But do you HONESTLY think that if APFA votes this down and CH.11 occurs immediately, that management isn't going to come after everyone? If for no other reason than to foster workgroup vs. workgroup hostility? "Well if the flight attendants hadn't voted it down..." Divide and conquer is still a likely stratagem in this situation.

TANSTAAFL

 

[Oliver Stone''s Apprentice]

AMR would be filing, not AA. So, Eagle would also be in bankruptcy.

Each of the subsidiaries would decide which contracts they want to keep intact, which contracts they want to renegotiate, and which contracts they want to reject.

Good question about the open labor contracts. I'd imagine that even though negotiating would still be covered under the RLA process, the company could also seek to arbrogate the existing contract. Better ask the AFA lawyers about that one...

My guess is that there's not much to be gained from throwing out the Eagle contracts. They're pretty much cost competitive. Likewise, AMR doesn't have to seek to have the APA and TWU contracts arbrogated if they don't want to. That's what too many people are overlooking right now...