American Airlines Wants To End Pension Plans

Law360, New York (February 1, 2012, 7:12 PM EST) -- American Airlines Inc. parent AMR Corp. will ask a New York bankruptcy court for permission to terminate its employee pension plans despite fierce opposition from its three largest unions, the company said Wednesday.

The proposal was part of broad cost-cutting measures outlined by AMR after a series of private meetings with the Allied Pilots Association, the Association of Professional Flight Attendants and the Transport Workers Union. The unions, along with the Pension Benefit Guaranty Corp., have fought the company's efforts to cut its four pension plans,...
To view the full article, register now.

Related

Sections

Case Information

Case Title

AMR Corporation, et al.


Case Number

1:11-bk-15463

Court

New York Southern

Nature of Suit

Date Filed

November 29, 2011

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.