American Airlines Union Sees Contract Agreement Soon

American Airlines’ pilot union said there’s a chance a contract agreement may be reached soon and told members it’s urging creditors to appoint new directors for bankrupt parent AMR Corp.

Allied Pilots Association advisers are “confident” that some major AMR creditors agree on the need for a new board that would then “appoint management to lead the reorganized company,” according to a negotiations update provided to members yesterday.

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