Beside if AA was close to filing for bankruptcy it
would be all over the news. I have try to find at least one article in the last few days suggesting that AA might be close to filing and I have not found ONE.
I guess you missed the start of the thread. First off, the thread is titled "here comes the BK
THREAT from the company". The issue here is the company's threats that have already been issued at the bargaining table, and the upcoming threats to be made at the table after their "last best offer" is plopped on the table next week in front of our negotiating committee.
The second issue is whether the threat is credible or not. As I stated a couple of times in this thread, I do not think that BK will happen with this company. There are a number of reasons that I think this and I am not alone in my opinion. Obviously a lot of participants here think it is a foregone conclusion. It will be interesting to see who is right. In addition to the bankruptcy threats, I would not be surprised to see threats of lock-outs to the FA's and Mech's.
I think this discussion is germane to the groups that participate here as you will be soon hearing the same BS at a negotiating table near you.
Here is the latest blast from APA -
Over the last several months, our negotiating sessions have yielded significant progress, resulting in many agreements-in-principle. Negotiations are narrowing down to the core issues of Scheduling, Work Rules, Scope and Pay.
We have received information indicating that management may soon be presenting a comprehensive proposal encompassing all of these remaining areas.
In anticipation of this, your APA leadership is taking action to facilitate a successful conclusion to contract negotiations.
To date, your APA leadership has taken the following actions:
Formed the Contingency Committee and charged its members with researching and reporting the facts on various contingencies, including mergers, acquisitions, reorganizations and liquidations.
Engaged the services of professional negotiator Seth Rosen and ALPA contract advisers, including the ALPA Economic and Financial Analysis group.
Received informational briefings from consultants on the effects of corporate restructuring on pilot pension plans and the collective bargaining agreement.
This week, in response to recent developments, your APA leadership formed an advisory group consisting of former APA National Officers and negotiators, our ALPA advisers, our Negotiating and Scope Committee chairmen, and NO/BOD representatives. This advisory group has been tasked with advising the APA leadership on strategies to obtain a restorative industry-leading contract.
The National Officers and Board of Directors are also requesting a meeting with AMR CEO Gerard Arpey and AMR President Tom Horton to candidly discuss the current status of negotiations. It is our goal to jointly find solutions that address the needs of our membership while allowing American Airlines the opportunity to grow and prosper.