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Showing posts with the label revising a proposal that a bankruptcy judge rejected earlier this week.

New York: AMR Corp’s American Airlines renewed a bid to cancel its contract with Pilots and impose cost cuts, revising a proposal that a bankruptcy judge rejected earlier this week.

New York: AMR Corp’s American Airlines renewed a bid to cancel its contract with Pilots and impose cost cuts, revising a proposal that a bankruptcy judge rejected earlier this week. American filed a motion in US Bankruptcy Court in Manhattan on Friday seeking permission to void the labour agreement after Judge Sean Lane on August 15 said two elements of American’s plan to reduce expenses weren’t justified. American’s request extends the Fort Worth, Texas-based airline’s effort to reduce labour costs as part of its restructuring. American blamed its November bankruptcy on labour costs that it said exceeded competitors’ by as much as $800 million a year. The airline said in a statement it filed the motion “to keep moving forward to achieve the savings and flexibility needed for our successful restructuring.” Article continues below American’s flight attendants are scheduled to finish voting on a new contract with the airline on August 19. If they reject the agreement, Lane