Getting another "opinion" on what has happened and what this means. AMR wanted to use 20% concessions as a baseline for going forward which is the 1113. 17% would be the rejected TA. Looks like AMR may impose the rejected TA terms sans duration and that would be the starting point going forward for negotiations. If so this is not a victory for AMR, especially since the creditors sent a message in open court stating that they MUST have a contract with the pilots to exit BK. Many believe that message was to AMR more then anyone.

I guess we'll see. Waiting to hear AMR's press release to this. If it immediately refers to resuming negotiations, I think we can all get an idea of just where we are and who is applying the pressure and where. Nonetheless, it's clear that if the TA is imposed, it is a major victory for AA pilots going forward as with no duration and a clear statement by the creditors of the need for an agreement, the pilots can expect a better deal then had they taken the TA in the first place. The claim will have to be reincluded in any deal as well, otherwise AA pilots will have sore feet from kicking the can to the holidays.