Fri, Dec 02, 2011
Employee Wages, Benefits To Continue Without Interruptions
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York granted approval Wednesday to a series of
first day motions filed by the AMR Corp to help facilitate
American's and American Eagle's continued normal business
operations throughout the reorganization process.
The company also reported that American and American Eagle
continued normal operations Wednesday, with flights, reservations,
baggage handling, customer service and other functions operating as
usual.
"American continues to make progress on our path to a successful
future," said Tom Horton, Chairman, President and Chief Executive
Officer of AMR and American Airlines. "The Court's immediate
approval of key motions ensures that customers around the world can
continue to rely on American and American Eagle for safe, reliable
and convenient air travel. As American's employees have
continued to demonstrate, we are committed to our customers and we
are confident in our future."
American received authorization to, among other things:
- Provide employee wages, health care coverage, vacation, and
other benefits, without interruption.
- Honor tickets and reservations, and provide refunds and
exchanges as usual.
- Fully maintain AAdvantage frequent flyer and other customer
service programs, and ensure all AAdvantage miles and elite status
earned by members remain secure and intact.
- Continue payments under existing fuel supply
contracts.
- Assume interline, clearinghouse, Airline Reporting Corporation
(ARC) and similar agreements.
- Continue to use existing cash management systems and maintain
existing bank accounts.
As announced Wednesday, AMR and certain of its U.S.-based
subsidiaries filed to reorganize under Chapter 11 in the U.S.
Bankruptcy Court for the Southern District of New York. The case
number for AMR is 11-15463, and the case number for American
Airlines is 11-15464.
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