AMR files for Chapter 11 / Horton named Chairman and CEO (29 Nov 2011)
Nov 29, 2011, 5:01 am
#1
Original Poster
Join Date: Jul 2000
Location: DFW, AA EXPLT/ 5MM
Posts: 90
AMR files for Chapter 11 / Horton named Chairman and CEO (29 Nov 2011)
Today's print edition of the Dallas Morning News has an exclusive 2 page article starting on the front page saying AMR is filing CH 11 today and CEO Arpey is to resign. Strange though nothing is on the DMN online version though.
here is the online link. It is buried on their web site which is strange given the prominence in today's print edition.
http://aviationblog.dallasnews.com/a...-are-fili.html
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MODERATORS' NOTE
General Information:
AMR has filed for Chapter 11 bankruptcy, which is a corporate reorganization, NOT liquidation (Chapter 7). This provides the corporation with certain relief options with respect to creditors and contracts, including labor contracts and aircraft leases. In general, the customer / passenger will NOT see any immediate changes to AA, American Eagle, or AAdvantage as a direct result of this bankruptcy process, although future changes as a result of revisions to AMR's business model are always possible.
Important Resources:
AA.com: Information about American's Chapter 11 Reorganization
AA.com: Letter to AAdvantage Members from AAdvantage President Maya Leibman
AMR Press Release: AMR and American Airlines File for Chapter 11 Reorganization to Achieve Industry Competitiveness
AMR Corporate Website: Court Documents and Claims Register
FT: Memo from Outgoing CEO Gerard Arpey to Employees
FT: AMR Bankruptcy Filing Requesting Continuation of AAdvantage Program and Existing Obligations
FT: What happens to AA miles (if) they go Bankrupt? (Closed - discussed in this thread now)
Frequently Asked Questions:
What will happen to my...
• AAdvantage Account - no changes
• AAdvantage Credit Cards - no changes
• AAdvantage Miles - no changes, the existing 18-month expiration policy remains in effect
• AAirpass Account / Benefits - no changes
• Admirals Club Membership - no changes
• Award Reservations - no changes
• Business ExtrAA Account / Points - no changes
• Elite Qualifying Miles / Points / Segments - no changes
• Elite Status - no changes
• Gift Cards - no changes
• Lifetime Status / Million Miler Status - only changes due to new Million Miler program 1 Dec 2011
• Tickets / Reservations - no changes, although flight schedules may always change
• Tickets / Reservations on Partner / oneworld airlines - no changes, although flight schedules may always change
• Upgrade Stickers and Systemwide Upgrades /SWUs - no changes
• e-Vouchers - no changes
AA Forum Moderator Team
here is the online link. It is buried on their web site which is strange given the prominence in today's print edition.
http://aviationblog.dallasnews.com/a...-are-fili.html
--------------------------------------------------------------------------------------
MODERATORS' NOTE
General Information:
AMR has filed for Chapter 11 bankruptcy, which is a corporate reorganization, NOT liquidation (Chapter 7). This provides the corporation with certain relief options with respect to creditors and contracts, including labor contracts and aircraft leases. In general, the customer / passenger will NOT see any immediate changes to AA, American Eagle, or AAdvantage as a direct result of this bankruptcy process, although future changes as a result of revisions to AMR's business model are always possible.
Important Resources:
AA.com: Information about American's Chapter 11 Reorganization
AA.com: Letter to AAdvantage Members from AAdvantage President Maya Leibman
AMR Press Release: AMR and American Airlines File for Chapter 11 Reorganization to Achieve Industry Competitiveness
AMR Corporate Website: Court Documents and Claims Register
FT: Memo from Outgoing CEO Gerard Arpey to Employees
FT: AMR Bankruptcy Filing Requesting Continuation of AAdvantage Program and Existing Obligations
FT: What happens to AA miles (if) they go Bankrupt? (Closed - discussed in this thread now)
Frequently Asked Questions:
What will happen to my...
• AAdvantage Account - no changes
• AAdvantage Credit Cards - no changes
• AAdvantage Miles - no changes, the existing 18-month expiration policy remains in effect
• AAirpass Account / Benefits - no changes
• Admirals Club Membership - no changes
• Award Reservations - no changes
• Business ExtrAA Account / Points - no changes
• Elite Qualifying Miles / Points / Segments - no changes
• Elite Status - no changes
• Gift Cards - no changes
• Lifetime Status / Million Miler Status - only changes due to new Million Miler program 1 Dec 2011
• Tickets / Reservations - no changes, although flight schedules may always change
• Tickets / Reservations on Partner / oneworld airlines - no changes, although flight schedules may always change
• Upgrade Stickers and Systemwide Upgrades /SWUs - no changes
• e-Vouchers - no changes
AA Forum Moderator Team
Last edited by JDiver; Jan 14, 2012 at 4:10 pm Reason: updated mod note
Nov 29, 2011, 5:02 am
#2
Join Date: Mar 2011
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Posts: 787
I am a lifetime Platinum member under AMR bankruptcy. AMR soaring. 
Spock Seat.
Spock Seat.
Nov 29, 2011, 5:08 am
#3
Join Date: Sep 2002
Posts: 1,743
AMR files for Chapter 11 / Horton named Chairman and CEO (11/29/2011)
...per CNBC
Nov 29, 2011, 5:08 am
#4
Join Date: Dec 2000
Programs: AA EXP - 8 MM, Hyatt Lifetime Diamond
Posts: 631
Just announced on CNBC
Nov 29, 2011, 5:09 am
#5
Join Date: Sep 2001
Location: los angeles, calif.
Programs: Alaska Airlines Gold MVP
Posts: 7,170
In the long run, this is good news. I support this move and hope to see AMR come out a stronger airline. I have little doubt it will, just like we saw with Delta, United and US Airways.
Also, Arpey is gone. Horton is replacing him.
Also, Arpey is gone. Horton is replacing him.
Nov 29, 2011, 5:10 am
#6
Join Date: Feb 2008
Location: USA, Europe
Programs: AAdvantage, Flying Blue, Mileage Plus
Posts: 839
Looks like it's official. The story is both on PR Newswire AND aa.com itself:
http://www.prnewswire.com/news-relea...134661103.html
http://aa.mediaroom.com/index.php?s=43&item=3397
http://www.prnewswire.com/news-relea...134661103.html
http://aa.mediaroom.com/index.php?s=43&item=3397
Nov 29, 2011, 5:10 am
#7
FlyerTalk Evangelist
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Posts: 13,017
strangely, not on drudge or google news yet...but it's the real deal. wacky.
Nov 29, 2011, 5:11 am
#8
Join Date: Dec 2009
Programs: WN A-list, Hyatt Glob, HH DM, Marriott Plat
Posts: 434
Bloomberg Tv also announced it.
Nov 29, 2011, 5:11 am
#9
Join Date: Mar 2011
Programs: AA LifeTime PLT (2.982 MM, But 3MM+ Total), HHonors GOLD, IHG AMB
Posts: 787
Thomas W. Horton (the Pres) to become the new CEO.
P.S.: The hell with Google News.
Spock Seat.
Nov 29, 2011, 5:12 am
#10
Join Date: Oct 2009
Location: Austin, TX
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Posts: 2,605
Most unfortunate, but not unexpected. Good luck to all the pilots and FAs who were using the unions to hold on to the wages and benefits of an era past (and trying to get back more). I suspect most of them would have been better off negotiating realistically when they had a chance to. And I think we can also hope that Arpey's team will be replaced with a competent visionary group of folks...
Nov 29, 2011, 5:13 am
#11
Join Date: Jun 2004
Location: Earth
Programs: whatever it takes
Posts: 683
just found out by hearing the greeting message while calling AAdvantage!
Then I went online and didn't find anything about it...strange...until I went to Google news and saw a couple stories posted only 7 minutes ago!
Then I went online and didn't find anything about it...strange...until I went to Google news and saw a couple stories posted only 7 minutes ago!
Nov 29, 2011, 5:16 am
#12
Join Date: Feb 2011
Location: LAX
Programs: AA EXC PLT, Hilton Diamond, Hyatt PLT, National Car Executive
Posts: 200
Hopefully, AA can structure to be a stronger airline after ch11
Nov 29, 2011, 5:16 am
#13
Join Date: Dec 2005
Posts: 933
Just came on NBC Today Show as breaking news. It is 7:16 EST
Nov 29, 2011, 5:17 am
#14
Join Date: Nov 2008
Location: Home Airports: CAE/CLT
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Posts: 5,452
Just on the Today show.
Nov 29, 2011, 5:18 am
#15
Join Date: Sep 2002
Location: msp
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Posts: 1,142
Wow
Did not think it would happen so fast but finally. Their Board must have pulled the trigger! Let's hope this will save AA as we know and like it!!!!!!