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AMR Files For Bankruptcy

Old 11-29-2011, 04:48 AM
  #41  
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The court motions are not on line yet on the Southern District website.
Did AMR's filing include a motion to stop lump sum pension pay outs?
They can do that if the fund threatens to fall below a certain liquidity level. That's what Delta did except there was a delay after the bankruptcy filing.

I expect a lot of pilots will put in their notice to retire effective Dec 1st.
This may be the last chance to get at those lump sums.

A lot of guys now have only 2 days to make a huge life decision.
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Old 11-29-2011, 04:50 AM
  #42  
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Crandall will be on CNBC in a little bit.. and Cramer said that anybody that ever recommends an airline stock shouldn't be in the business... (except Alaska) duuuuuuuuuuuuuuuuuuh

EDIT: Crandall on at 10am...

Last edited by tsquare; 11-29-2011 at 05:03 AM.
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Old 11-29-2011, 04:50 AM
  #43  
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Continental neared BK, however; Bethune, Brenneman, and the EMPLOYEES took over (1994) and returned them to a legitimate contender.
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Old 11-29-2011, 04:53 AM
  #44  
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Originally Posted by FliFast View Post
Continental neared BK, however; Bethune, Brenneman, and the EMPLOYEES took over (1994) and returned them to a legitimate contender.

Go back to the CAL strike in 1983, tell us all about that.

The only thing new in the world is the History you don't know...
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Old 11-29-2011, 04:56 AM
  #45  
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Welcome to the club AA/AE boys n girls...

Hang in there..
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Old 11-29-2011, 04:58 AM
  #46  
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Originally Posted by saudawg View Post
Hang in there guys, it will be tough going for awhile, but American is a class act, and you will get through this.


From one who's been there,
DB
Yeah! Real CLASS ACT!

I wonder how all those Nordstrom Pilots are feeling this morning! All those years of looking down their noses at everyone else has finally caught up with them. My dad always said, "never pi$$ into the wind".
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Old 11-29-2011, 05:12 AM
  #47  
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Originally Posted by NoWake200 View Post
Yeah! Real CLASS ACT!

I wonder how all those Nordstrom Pilots are feeling this morning! All those years of looking down their noses at everyone else has finally caught up with them. My dad always said, "never pi$$ into the wind".
Never seen that attitude at AA. Nothing but professionalism on multiple jumpseat rides. Of course the TWA guys may think differently. Perspective I guess...
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Old 11-29-2011, 05:16 AM
  #48  
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Originally Posted by Timbo View Post
Ouch. Sorry guys, but at least you didn't give up 32.5% of your pay first, to stay out of bankruptcy.

Good luck, we all hope you fare well, but we all know why they filed, and it's not to pay pilots more.
32.5% of their pay, that's B.S. I'll bet upper management isn't taking that big a cut.
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Old 11-29-2011, 05:17 AM
  #49  
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The question that has not been asked is "What changes were made to the bankruptcy laws several years ago?" Changes where scheduled to go into effect and Northwest and Delta filed just prior to that happening to get in under the wire as I recall, however my memory is getting old and fuzzy, not unlike my ears.


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Old 11-29-2011, 05:19 AM
  #50  
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Originally Posted by Timbo View Post
Go back to the CAL strike in 1983, tell us all about that.

The only thing new in the world is the History you don't know...
How on Earth does the 1983 strike answer the question of didn't CO declare BK in the 90's ? It doesn't. Read the thread first, instead of jumping in with your panties twisted.

Almost like saying Irish beer is bad because of the Battle of Hastings 1066....simply an irrevelent flame bait with ZERO facts.
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