Eagle Life
02-21-2012 | 01:12 PM
#5331
Banned
Joined: Nov 2008
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From: doggy style
I don't know if this has been posted anywhere, but this seems to confirm that the ATR will in fact be gone by the end of 2013.
Pulled this from AMR's 10-K filing:
In accordance with Section 1110 of the Bankruptcy Code, the Company is currently negotiating with creditors and lessors to restructure certain of its existing financings to reduce its debt burden and optimize its fleet. As of December 31, 2011, the Company had rejected 24 aircraft leases relating to 20 MD-80 aircraft and four Fokker 100 aircraft. In addition, since December 31, 2011, the Company has rejected an additional 9 aircraft leases and mortgages relating to one MD-80 aircraft, seven Boeing 757-200 aircraft, and one Airbus A300-600R aircraft. In addition, the Company filed a motion with the Bankruptcy Court to modify the leases of the Super ATR aircraft. As of February 15, 2012, 21 of the aircraft had been returned to the lessor as allowed under the modified agreement. The remaining 18 aircraft will be returned to the lessor during 2012 and 2013. In January 2012, American entered into agreements under Section 1110(a) of the Bankruptcy Code to retain 350 aircraft, including Boeing 737-800, Boeing 757-200, Boeing 767-300ER, Boeing 777-200ER, Bombardier CRJ-700, and McDonnell Douglas MD-80 aircraft on the terms provided in the related financing documents.
Pulled this from AMR's 10-K filing:
In accordance with Section 1110 of the Bankruptcy Code, the Company is currently negotiating with creditors and lessors to restructure certain of its existing financings to reduce its debt burden and optimize its fleet. As of December 31, 2011, the Company had rejected 24 aircraft leases relating to 20 MD-80 aircraft and four Fokker 100 aircraft. In addition, since December 31, 2011, the Company has rejected an additional 9 aircraft leases and mortgages relating to one MD-80 aircraft, seven Boeing 757-200 aircraft, and one Airbus A300-600R aircraft. In addition, the Company filed a motion with the Bankruptcy Court to modify the leases of the Super ATR aircraft. As of February 15, 2012, 21 of the aircraft had been returned to the lessor as allowed under the modified agreement. The remaining 18 aircraft will be returned to the lessor during 2012 and 2013. In January 2012, American entered into agreements under Section 1110(a) of the Bankruptcy Code to retain 350 aircraft, including Boeing 737-800, Boeing 757-200, Boeing 767-300ER, Boeing 777-200ER, Bombardier CRJ-700, and McDonnell Douglas MD-80 aircraft on the terms provided in the related financing documents.
02-21-2012 | 01:20 PM
#5332
Gets Weekends Off
Joined: Feb 2010
Posts: 366
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No, the lease terms on the EMBs are still being negotiated. The 350 aircraft they are retaining are the ones they have elected to keep so far. The rest have yet to be negotiated...if my understanding is correct.
02-21-2012 | 02:43 PM
#5333
Underpaid...
Joined: Nov 2010
Posts: 2,101
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From: French-Canadian
You are correct, AMR spelled it out for employees in one of the last news letter! They are still negotiating 1/2 of the AMR fleet!
02-21-2012 | 02:44 PM
#5334
Gets Weekends Off
Joined: Mar 2009
Posts: 354
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From: CRJ700 F/O
No, the lease terms on the EMBs are still being negotiated. The 350 aircraft they are retaining are the ones they have elected to keep so far. The rest have yet to be negotiated...if my understanding is correct.
02-21-2012 | 06:37 PM
#5335
Underpaid...
Joined: Nov 2010
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From: French-Canadian
http://english.alrroya.com/content/a...l-jets-embraer
UPDATE 1-American Airlines in talks over Brazil debt - report | Reuters
http://www.amrcaseinfo.com/pdflib/1200_15463.pdf
This information has also been shared with employees by the company. They have stated they are negotiating the ERJ leases and will be looking to properly size the regional feed. Until APA signs a TA we will probably not hear anymore information.
Carnival might be the BEST time to negotiate...with incriminating photos of course.
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