TEMPE, AZ (AP) --US Airways has filed an 8K with the SEC to begin the process of a takeover of American Airlines, which is currently in Chapter 11 bankruptcy.
According to the SEC, "Form 8-K is the: 'current report' companies must file with the SEC to announce major events that shareholders should know about.
American Airlines has said it wishes to emerge from bankruptcy as a standalone carrier. Next week, the struggling airline will try to convince a bankruptcy judge to let it void existing union contracts and impose new ones to secure those spending cuts.
US Airways Group Inc. says it has made deals with the three unions at American Airlines.
The contracts would cover American Airlines workers if there's a merger with US Airways.
US Airways says the deals are with the Transport Workers Union, the Association of Professional Flight Attendants, and the Allied Pilots Association.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.