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On 4/4/2003 12:18:16 PM AAviator wrote:
RV4 Eagle is not AA. Eagle is Eagle.
AA needs 1.8 billion. AA not Eagle.
Buck, did you bother to read the AMR Labor coalition post you posted?
Go ahead guys grab you flag, wrap yourselves in it, start the free country chant, and re-read the vermont letter. If the T/A fails to pass, thats where we'll be. You can take that to the bank.
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My apologies, I thought AMR was going to seek Bankruptcy not just AA?
However, read this:
AMR Avoids Bankruptcy with Labor Deals
Monday March 31, 11:43 pm ET
By Kathy Fieweger
NEW YORK (Reuters) - American Airlines averted an imminent bankruptcy filing, at least for now, reaching concession deals on Monday with the leadership at its three major unions.
That means about 70,000 of the roughly 100,000 workers at the world's largest airline will soon be voting on pay cuts, which generally range between 15 percent and 20 percent for some of the largest groups.
The ratification process is expected to take about 15 days and the deals neared the airline's goal of receiving $1.8 billion in annual cuts from its employees.
News of the narrowly averted Chapter 11 filing at
AMR Corp.
(NYSE:
AMR -
News), the parent of American Airlines, came as a bittersweet victory for Chief Executive Donald Carty and occurred just hours after smaller US Airways emerged from court protection, eight months after filing for bankruptcy.