American Airlines’ union workers, banks representing bondholders and the PBGC will be represented on the committee of unsecured creditors in the Chapter 11 bankruptcy case of parent company AMR Corp.
The Pension Benefit Guaranty Corp., Allied Pilots Association and Wilmington Trust are among the committee’s nine members, according to the U.S. Trustee’s office, a part of the Justice Department that monitors bankruptcy proceedings.
Other members of the committee are the Transport Workers Union, the Association of Professional Flight Attendants, Manufacturers & Traders Trust, Bank of New York Mellon, HP Enterprises and Boeing, the U.S. Trustee’s office said.
“We’re committed to working with American Airlines, their workers, retirees and other parties, so the company can successfully reorganize while also preserving its pension plans,” PBGC Director Joshua Gotbaum said in a statement Monday.
“The U.S. bankruptcy trustee made the right call” in putting the TWU on the committee, James C. Little, the union’s international president, said in an e-mailed statement. “Thirty-thousand TWU members are critical to the current and future operations of American Airlines and American Eagle.”
AMR, Fort Worth, Texas, filed for bankruptcy on Nov. 29, saying American’s cost structure wasn’t competitive with other airlines.
Reporter Hazel Bradford contributed to this story.