Reorganizations

Unions reach pact in American Airlines-US Airways merger - comcast.net

04/21/12

The agreements signify the unions will cooperate with US Airways management in a proposed hostile takeover of American, whose parent AMR Corp. filed a Chapter 11 bankruptcy reorganization petition Nov. 29. Representatives of the Transport Workers Union ...

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US Airways takes a step toward merging with American Airlines - Philadelphia Daily News

04/21/12

enabling it to exit the Chapter 11 bankruptcy process and restore American Airlines to a preeminent position in the airline industry." A merged company would keep the American name and Dallas-Fort Worth headquarters. US Airways is headquartered ...

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Ex-Frontier CEO Sean Menkeresigns from Pinnacle Airlines - Denver Post

04/20/12

He and Pinnacle chief operating officer John Spanjers, who will succeed Menke as Pinnacle chief, have been criticized for taking large salary increases as concessions were sought from employees, suppliers and others as part of Chapter 11 ...

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Hawaii judge hears Fund's Chapter 11 case - Saipan Tribune

04/20/12

U.S. Bankruptcy Court for the District of Hawaii Chief Bankruptcy Judge Robert J. Faris held yesterday the first hearing on the motions filed by the NMI Retirement Fund related to its Chapter 11 bankruptcy petition. Faris, who is in Honolulu ...

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TWU wants to exclude others on unsecured creditors committee from contract rejection hearings - Dallas Morning News (blog)

04/20/12

providing certain of the non-labor unsecured creditor committee members with an opportunity to use the Committee and its stature and resources as a tool to disproportionately benefit from the chapter 11 process to the detriment of the TWU and its members."

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Diamond Beach owners file Chapter 11 - Daily News - Galveston County

04/20/12

With the threat of foreclosure looming, owners of two Texas luxury resorts — Diamond Beach in Galveston and Sapphire South Padre — filed for Chapter 11 bankruptcy protection earlier this month. Filing for Chapter 11 bankruptcy can sometimes forestall ...

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Access Car Rental seeks bankruptcy protection - The Business Journal

04/20/12

Nashville-based Access Car Rental voluntarily filed Thursday for Chapter 11 bankruptcy protection, according to court documents. Chapter 11 bankruptcy allows a business to restructure its debts and reorganize its finances so that it can stay open.

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Will Attempts to Tackle Executive Compensation Work? - msnbc.com

04/20/12

Even that reduced salary seems excessive for a CEO of a company that was on the verge of Chapter 11. In comparison, Amazon.com(Nasdaq: AMZN) CEO Jeff Bezos received a base salary of $81,000, with other compensation (including security detail) of $1.6 million.

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American Eagle Flight Attendants Continue Talks - YAHOO!

04/20/12

It is only due to a poor business plan executed by the management of our parent company that American Eagle Flight Attendants are facing the onerous process of Chapter 11. It is a travesty that American management is seeking to abrogate the ...

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Ex-Frontier CEO Sean Menkeresigns from Pinnacle Airlines - Denver Post

04/20/12

He and Pinnacle chief operating officer John Spanjers , who will succeed Menke as Pinnacle chief, have been criticized for taking large salary increases as concessions were sought from employees, suppliers and others as part of Chapter 11 ...

[more]