By: Bmused55 - 2nd December 2011 at 07:26
To be precise, it is not AA filing for Chap. 11. It’s AMR Corp. The AA Parent company.
By: nJayM - 1st December 2011 at 23:42
It may be rough initially
It may be rough initially.
To recover from a Chapter 11 in the current economic recession will take radical surgery. Sad but realistic.
Over the last few years several large American airlines have made many flight crew redundant but then on the rebound they got first option to rejoin. Severance packages aren’t small in many cases and if prudent can be used to weather the gap (storm).
The economic doldrums are hitting the whole world at present and it’s an austere few years ahead for many sadly.
I hope AA make it through the hoops.
By: Arabella-Cox - 1st December 2011 at 19:17
… while radically re-structuring.
How many crew will be laid off I wonder? 🙁
By: Newforest - 29th November 2011 at 15:49
The details.
By: nJayM - 29th November 2011 at 13:17
Safer than going under completely
Safer than going under completely. US companies have this protective umbrella which allows them to continue to perform while radically re-structuring.
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November 29, 2011 at 12:24 pm