Company Overview of American Airlines, Inc.
American Airlines, Inc. provides scheduled airline services. It provides scheduled jet services to North America, the Caribbean, Latin America, Europe, and Asia. The company also operates as a scheduled air freight carrier providing freight and mail services to shippers. As of July 23, 2013, it operated a fleet of approximately 900 aircraft. The company was founded in 1934 and is headquartered in Fort Worth, Texas.
4333 Amon Carter Boulevard
Fort Worth, TX 76155
Founded in 1934
Key Executives for American Airlines, Inc.
Senior Vice President of Operations and Senior Vice President of Maintenance & Engineering
Chairman of US Airways and Chief Executive Officer of US Airways
Compensation as of Fiscal Year 2013.
American Airlines, Inc. Key Developments
New American Airlines Flight Attendants Reach Agreement on Representation, Bargaining
Dec 20 13
The unions representing Flight Attendants at the new American Airlines reached an agreement this week on how their workgroup will be represented at the new company and how they will work together to achieve an industry-leading joint contract. The Association of Flight Attendants-CWA represents the pre-merger US Airways workgroup while the Association of Professional Flight Attendants represents the pre-merger American workgroup. The agreement guarantees that the best provisions of both the existing contracts will provide the basis for negotiations for a joint collective bargaining agreement in the 2014. A joint committee comprised of flight attendants and consultants from both pre-merger work groups will handle contract negotiations. The agreement also dictates an expedited timeline for these negotiations and states that any outstanding items will be resolved through interest arbitration. Within the next six months the unions will jointly file for a Single Carrier Determination from the National Mediation Board after which time APFA will be certified as the collective bargaining representative for the craft and class of flight attendants at the new American Airlines. The agreement has been approved by unanimous votes of the AFA-US Airways Master Executive Council and the APFA Board of Directors. The agreement is still subject to reaching agreement with American management on the bargaining process and a secret-ballot vote of the pre-merger US Airways Flight Attendants.
Cantor Fitzgerald Reveals a $135 Million Settlement with American Airlines
Dec 18 13
Cantor Fitzgerald revealed a $135 million settlement with American Airlines and insurance carriers to a judge who said the deal will end the final airplane-focused case resulting from claims of wrongful death and personal injuries. The agreement averts a trial scheduled for next month, which means there will be no airing of such questions as how terrorists got through security, the best way to stop terrorists, whether there was really wrongdoing and negligence and how best to preserve liberties amid such threats. Calling the settlement a significant conclusion after 12 years of litigation that resulted in scores of settlements and not a single trial involving airlines. Cantor Fitzgerald lost 658 of its 1,000 people in its New York workforce when the 101st through 105th floors of its One World Trade Center headquarters were destroyed in the attack.
American Airlines Announces Private Offering of Enhanced Equipment Trust Certificates
Dec 16 13
American Airlines Group Inc. announced the private offering of American Airlines, Inc. Pass through certificates, Series 2013-2C (Class C Certificates) in the aggregate face amount of $256,018,000. The Class C Certificates will rank generally junior to the American Airlines, Inc. Pass through certificates, Series 2013-2A, which were originally issued on July 31, 2013, and the American Airlines, Inc. The Class C Certificates will represent an interest in the assets of a pass through trust, which will hold certain equipment notes expected to be issued by American. Such equipment notes are expected to be secured by 41 currently owned Boeing 737-823 aircraft, 14 currently owned Boeing 757-223 aircraft, one currently owned Boeing 767-323ER and 19 currently owned Boeing 777-223ER aircraft. Proceeds from the issuance of the equipment notes are expected to be used by American to pay fees and expenses relating to this offering and for general corporate purposes.
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