Originally Posted by
lyiu18
The TWU vote on AA's Last Best Offer (LBO) has absolutely nothing to do with Doug Parker's takeover fantasy.
AA has filed a motion to reject its labor agreements under section 1113 and one prerequisite to abrogation of those agreements is that the debtor and the union negotiated in an attempt to modify the agreement. This vote is to approve or reject AA's LBO to the union.
If the TWU members accept the LBO, then those terms control their contract going forward. If they vote to reject the LBO, then the court may approve AA's plan to impose its terms on the employees.