Day 30 Equity Distribution
As we have previously explained, the majority of US-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. The initial distribution of equity occurred on Dec. 9 with approximately 25 million shares of new common stock granted to eligible employees.
There will be a second distribution for the Day 30 mark of approximately 1.1 million shares of new common stock distributed to certain US-based legacy American employees. AA expects these shares to be distributed as soon as is administratively practical on or after Jan. 8. Flight Attendants will have the option of holding, selling or transferring their shares on or after January 10, 2014, as they wish. Since the second distribution is approximately 4% of the initial distribution, the distributions to eligible Flight Attendants will be proportionately smaller.
As was the case for the first equity distribution, APFA’s Equity Claim Call Center will be available for all Flight Attendants from 8:00 a.m. to 5:00 p.m. Monday through Friday for two weeks beginning on the day the shares are distributed. The toll free number is 855-332-3407. There, you will be able to speak directly to a BMC representative
regarding the distribution of the claim. You can also email BMC at firstname.lastname@example.org
For more information, visit APFA's equity website
If you have questions about how to access your account or need information on how to buy, sell or transfer your shares, contact AA’s Call Center at 888-285-9438.
Non Rev Travel Changes Update
APFA has been in discussions with the company regarding changes to the recently-announced Non Rev travel policy. APFA has reiterated its request to the company to establish a working group research/reevaluate these changes. Stay tuned to this hotline for updates.
BOS-I Vice Chairperson WTS Received
This is Cindy Horan, Chairperson of the APFA National Ballot Committee. Today, January 8, 2014 was the deadline to submit a Willingness-to-Serve Notification for Vice Chair at BOSI. Michael Medeiros has been duly elected Vice Chairperson at BOSI and will take office immediately for the remainder of the two year term ending March 31, 2015.