Will AMR attempt to shed its pension obligations?

AMR Corporation, parent of American Airlines and American Eagle Airlines (2nd) (Dallas/Fort Worth) is going through the Chapter 11 reorganization process. The corporation has not yet filed its intentions concerning its employee pension obligations. Previous Chapter 11 airline reorganizations have allowed U.S. carriers to leave their pension obligations behind.

According to this report by Reuters, the U.S. Pension Benefit Guaranty Corporation, which has the responsibility for insuring certain benefits in private retirement programs, has sued AMR for $92 million for its unpaid pension plan contributions.

Will AMR walk away from its obligations?

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Copyright Photo: Brian McDonough. American tried and heavily touted its “Working Together” maintenance program. Will the teamwork continue with the “new” American?

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