Update on the #AmericanAir Hearing (transcript via @JasonWhitely) – June 27, 2012
4:09 pm: DEVELOPING: Waiting to hear any minute from Allied Pilots Assoc. on whether it’ll send @AmericanAir‘s last best offer to its 10,000 pilots.
4:19 pm: BREAKING: Board for @AmericanAir‘s pilots union votes to send AA’s last best offer to its 10,00 pilots.
4:31 pm: .@AmericanAir says its pleased: “We believe this agreement addresses needs of our pilots while achieving the goals of our business plan.”
4:33 pm: BREAKING: Judge now delaying decision on voiding flight attendants, TWU contracts until pilots vote. Takes 6 wks to collect results.
4:35 pm: BREAKING: @AmericanAir says its last offer to pilots saves all 400 jobs to be cut, gives a pay raise & equity stake in restructured AA.
6:11 pm: UPDATE: Pilots union board voted 9 to 7 to pass @AmericanAir‘s last best offer to 10,000 pilots. Insiders said the room eupted in applause.
6:12 pm: UPDATE: August 8 is the new deadline for American’s pilots to have voted on AA’s last best offer. This gives other unions time to negotiate.