American Airlines Bankruptcy
A major step for American Airline in their efforts to emerge from bankruptcy. On Tuesday, a bankruptcy judge ruled that the air carrier can toss out its contracts with its pilots.
AMR Corp, the parent company of American Airlines, won a key ruling Tuesday that will allow it to impose terms on its pilots union.
US Airways have filed the first paperwork to begin the process of taking over American Airlines, which is currently in Chapter 11 bankruptcy protection.
American Airlines employees in Miami are anxiously awaiting to find out if they still have a job after the air carrier’s parent company, AMR, announced that they planned to lay off 13,000 workers.