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American Airlines’
Flight Attendants React To Company Purchase Of Aircraft By Bill Goldston |
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July 25, 2011 - On Wednesday, American Airlines
management
announced that the company has ordered 460 new
narrow-body planes, with options to purchase an
additional 465. The company plans to acquire 260 planes
from the Airbus A320 family and 200 Boeing 737s. The
company will be taking advantage of approximately $13
billion of committed financing provided by the two
manufacturers.
“The APFA applauds American Airlines management’s
decision to take the company in a new direction,
diversify the fleet, and modernize the in-flight
experience for passengers,” said Laura Glading,
president of the Association of Professional Flight
Attendants.
“But the work is not done. Shareholders should not be satisfied until management has secured both the physical and human capital to be successful and addressed a labor situation that has lingered for more than three years.” |
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The union
is especially encouraged by the fuel efficiency these new planes
will provide. This purchase represents a calculated and
strategic move to bring American Airlines back to the forefront
of this country’s aviation industry.
“Announcement shows the company is capable of making strategic
decisions,” said Glading. “We call on management to put the same
effort toward reaching a comprehensive agreement with its
employees that recognizes the sacrifices flight attendants and
others made to avoid bankruptcy and allow for today’s promising
announcement.”
That
Boeing and Airbus were willing to provide American Airlines with
favorable financing terms is a testament to the sacrifices that
APFA’s membership and others made in 2003 when the company was
in dire straits. Without the generous salary and benefits
givebacks of the Flight Attendants, totaling over $2 billion,
American Airlines would have neither the capital nor credit
needed to make such an ambitious purchase.
The
introduction of the Airbus A320 family places particular
emphasis on the state of contract negotiations for all of the
airline’s unionized employees who will need to be trained and
certified to operate and maintain the new equipment. In 2003, APFA played a major role in keeping American Airlines solvent and out of bankruptcy by giving back an employee bailout of $340 million in annual salary and benefits, for a total of over $2 billion and counting. |