American Airlines Pilots Ground Tentative Labor Deal

Law360, New York (August 8, 2012, 7:32 PM EDT) -- Pilots for bankrupt American Airlines Inc. shot down a tentative labor contract on Wednesday, a move that comes before a court ruling that could allow AA's parent AMR Corp. to reject the current collective bargaining pact and saddle the pilots with tougher concessions.

Only 2,935 pilots voted in favor of the tentative agreement, while 4,600 voted against it, the Allied Pilots Association union said.

American Airlines spokesman Bruce Hicks said the carrier was disappointed by outcome of the pilots' vote. On March 27, AMR asked U.S....
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

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.