• September 20, 2017
    Member Login
    Username:

    Password:


    Not registered yet?
    Click Here to sign-up

    Forgot Your Login?
    << September 2017 >>
    S M T W T F S
    1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    Contact Elected Officials!
  • International Disputed Claims Equity Update
    Posted On: Sep 01, 2017

    Brothers and Sisters:

    Last month, we informed you that the distribution process for American Airlines equity shares would begin soon. Recently, American made a distribution to unsecured creditors from its Disputed Claims Reserve (DCR), which holds shares set aside for resolution of certain claims in the bankruptcy proceedings. The number of shares recently distributed for eligible TWU-represented employees under the TWU Equity Distribution Plan was about 33,000 shares and about $73,750 in cash.

    Consistent with prior handling of similar comparatively small distributions from the DCR and in order to maximize the number of employees who can receive shares from this distribution, the shares and funds issued for eligible TWU-represented employees this week have been placed in the TWU/AA Trust. Our expectation is for the shares to be distributed in the near future using the distribution formulas established under the Equity Distribution Plan.

    We appreciate your patience during this complicated process.

    Fraternally,
    Mike Mayes
    Director, Air Division
     


    Download:


  • TWU Local 568

    Copyright © 2017.
    All Rights Reserved.

    Powered By UnionActive

    391924 hits since Jan 01, 2016


  • Top of Page image