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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

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

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Airborne 05.21.15: Unlawful Photography? REALLY?, VA Flt Benefits, Pilatus 5M

Also: Aerion Takes Orders, API Partner EAA, 'Fly Along' Case Resolved, BASE Jump Tragedy, Electromagnetic Catapult, Gulfstream G650ER, Piper M500 With the FAA still stuck in the mu>[...]

ANN's Daily Aero-Linx (05.23.15)

The Air Care Alliance The Air Care Alliance is a nationwide league of humanitarian flying organizations whose volunteer pilots are dedicated to community service.>[...]

ANN's Daily Aero-Term (05.23.15): Frise-Type Aileron

An Aileron having the nose portion projecting ahead of the hinge line. When the trailing edge of the aileron moves up, the nose projects below the wing's lower surface and produces>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC