OK Governor Mary Fallin Says American Airlines Should Remain Its Own Entity | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.23.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.23.14 **
** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **
** Airborne 07.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.18.14 **

Tue, Apr 17, 2012

OK Governor Mary Fallin Says American Airlines Should Remain Its Own Entity

Issues An Official Statement on American Airlines Restructuring

In a propared statement released Friday, Oklahoma Governor Mary Fallin said that the best thing for her state would be for American Airlines to emerge from bankruptcy looking much like it did before it fell on hard times.
 

Fallin (pictured) said that as governor, her priority has always been "to retain and create as many good jobs as possible for working Oklahomans and their families." She said that the state Department of Commerce and her office have been monitoring the progress of American Airline’s restructuring under Chapter 11 of the Bankruptcy Code. She said that it is necessary for American to emerge a viable company and a strong competitor from what she described as a difficult and painful process.
 
“Questions have risen recently about what the best outcome of the bankruptcy process may be for Oklahoma, including the possibility of a hostile takeover of the company," Fallin said. "I want to make this clear:  for Oklahoma’s sake, there is no question that the best outcome for our state and its workforce is for American to rapidly and successfully exit from bankruptcy in control of its own destiny. A hostile takeover would create delay and an uncertain future for workers and their families.
 
“American Airlines has developed a business plan built upon growth and on retaining thousands of jobs in Oklahoma. While the company’s plan must obtain final approval from the bankruptcy judge and creditors, American’s management and its union leaders are working hard to find an agreement that will ensure American exits bankruptcy a viable and independent competitor. We hope that occurs so a maximum number of American Airlines jobs remain in Oklahoma.”

Tulsa World reports that court documents show that the restructuring plan presented by AMR Corp. calls for deep cuts in the airline's labor force ... as many as 13,000 jobs and $1.25 billion overall. Some 2,100 of those could come from the Maintenance and Engineering Center in Tulsa, OK.

FMI: www.ok.gov 

Advertisement

More News

NBAA Establishes New Weather Subcommittee

FAA Officials On Hand For The Announcement Of The Group NBAA President and CEO Ed Bolen on Monday announced the formation of a new NBAA group focused on improvements in aviation we>[...]

U.S. House Hearing Will Examine State Of U.S. Aviation Manufacturing

Witness List Includes AEA's Blakey, GAMA's Bunce The Aviation Subcommittee of the U.S. House Transportation Committee, chaired by Congressman Frank LoBiondo (R-NJ), will hold a hea>[...]

ANN's 'Who's Who' At Oshkosh: Katherine Tryon

Introducing Staff, Stringers, Videographers, And People Who Make It All Work Anyone who's ever been to Oshkosh knows that there are hundreds of events and activities as well as ten>[...]

Appeals Court Says FAA May Not Prevent Texas EquuSearch From Using Drones

Once Again, A Federal Judges Has Ruled That The FAA Cannot Stop The Use Of Commercial Drones Unless They Are Enforcing Published Regulations ... The FAA Has A Differing Opinion Ear>[...]

ANN's Daily Aero-Linx (07.23.14)

Expert Craft Building or restoring your own airplane, or even considering a homebuilt project? This site allows you to keep a complete online log of your project, complete with not>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC