Yesterday the mechanics got a new term sheet that the company says it will file and impose if granted by the judge.

"Today, we are presenting the proposed terms that the Company intends to implement, should the Bankruptcy Court grant our Section 1113 motion to reject our collective bargaining agreement with the AMT and Related employees. Absent a consensual agreement on this proposal, the Company intends to file its motion for rejection next week.
Today’sproposaldiffersfromtheoriginalMarch2s1t1113 proposalfortheAMTand Related group in that certain terms reflect the fact that the Company has agreed with some positions taken by the union negotiators, during the period that we’ve been negotiating, including issues of valuation. With the failure of our tentative agreement, this proposal reflects our best judgment on what the Company needs to successfully reorganize, and we will move quickly to take the steps necessary"

http://aa.twu.org/LinkClick.aspx?fil...%3d&tabid=1494