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Association Of Professional Flight Attendants
The Association of Professional Flight Attendants (APFA) was founded in 1977 and represents over 28,000 flight attendants at American Airlines. 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 $3 billion. APFA had been in negotiations with American for almost four years when the carrier filed for chapter 11-bankruptcy protection on November 29, 2011. 1993 strike More than 90 percent of the 21,000 members honored the 11-day strike called on November 18, virtually shutting the airline down. On November 22 President Bill Clinton intervened in the labor dispute and persuaded both sides to submit to binding arbitration ending the 11-day strike on its 5th day. American Airlines Bankruptcy In April 2003 American Airlines, following total losses of $5.3 billion in 2001 and 2002, undergoes what was called a “virtual bankruptcy.” Management ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flight Attendants' Trade Unions
Flight or flying is the process by which an object moves through a space without contacting any planetary surface, either within an atmosphere (i.e. air flight or aviation) or through the vacuum of outer space (i.e. spaceflight). This can be achieved by generating aerodynamic lift associated with gliding or propulsive thrust, aerostatically using buoyancy, or by ballistic movement. Many things can fly, from animal aviators such as birds, bats and insects, to natural gliders/parachuters such as patagial animals, anemochorous seeds and ballistospores, to human inventions like aircraft (airplanes, helicopters, airships, balloons, etc.) and rockets which may propel spacecraft and spaceplanes. The engineering aspects of flight are the purview of aerospace engineering which is subdivided into aeronautics, the study of vehicles that travel through the atmosphere, and astronautics, the study of vehicles that travel through space, and ballistics, the study of the flight of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transportation Trade Unions In The United States
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport enables human trade, which is essential for the development of civilizations. Transport infrastructure consists of both fixed installations, including roads, railways, airways, waterways, canals, and pipelines, and terminals such as airports, railway stations, bus stations, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and seaports. Terminals may be used both for interchange of passengers and cargo and for maintenance. Means of transport are any of the different kinds of transport facilities used to carry people or cargo. They may include vehicles, riding animals, and pack animals. Vehicles may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-Disclosure Agreement
A non-disclosure agreement (NDA) is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to. Doctor–patient confidentiality (physician–patient privilege), attorney–client privilege, priest–penitent privilege and bank–client confidentiality agreements are examples of NDAs, which are often not enshrined in a written contract between the parties. It is a contract through which the parties agree not to disclose any information covered by the agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information. Like all contracts, they cannot be enforced if the contracted activities are illegal. NDAs are commonly signed when two companies, indi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Airways
US Airways (formerly USAir) was a major United States airline that operated from 1937 until its merger with American Airlines in 2015. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. In 1997, it rebranded as US Airways. The airline had an extensive international and domestic network, with 193 destinations in 24 countries in North America, South America, Europe, and the Middle East. The airline was a member of the Star Alliance, before becoming an affiliate member of Oneworld in March 2014. US Airways had 343 mainline j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collective Bargaining Agreement
A collective agreement, collective labour agreement (CLA) or collective bargaining agreement (CBA) is a written contract negotiated through collective bargaining for employees by one or more trade unions with the management of a company (or with an employers' association) that regulates the terms and conditions of employees at work. This includes regulating the wages, benefits, and duties of the employees and the duties and responsibilities of the employer or employers and often includes rules for a dispute resolution process. Finland In Finland, collective labour agreements are universally valid. This means that a collective agreement in an economic sector becomes a universally applicable legal minimum for any individual's employment contract, whether or not they are a union member. For this condition to apply, half of the workforce in that sector needs to be union members, thus supporting the agreement. Workers are not forced to join a union in a specific workplace. Nevertheless ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport Workers Union Of America
Transport Workers Union of America (TWU) is a United States labor union that was founded in 1934 by subway workers in New York City, then expanded to represent transit employees in other cities, primarily in the eastern U.S. This article discusses the parent union and its largest local, Local 100, which represents the transport workers of New York City. TWU is a member of the AFL–CIO. TWU established a reputation for militancy and for left-wing politics and was one of the first unions to join the Congress of Industrial Organizations. Its president, Mike Quill, renounced his former Communist allies in the early days of the Cold War, avoiding expulsion from the CIO. TWU began representing airline employees in 1945, when it organized ground service employees at Pan American World Airways in Miami; it then expanded to represent flight attendants and airline maintenance employees as well. The American Airlines flight attendants in its membership seceded to form their own un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allied Pilots Association
The Allied Pilots Association (APA) is the labor union representing American Airlines pilots. APA was founded in 1963 by a group of American Airlines pilots who broke away from the Air Line Pilots Association (ALPA). The five founding pilots of APA, Nick O'Connell, Paul Atkins, Bob Guba, Joe Garvey, and Dick Lyons, were expelled for life from ALPA. The first headquarters was located in New York City before it moved to Fort Worth, Texas. History In 2001, on its pilots' behalf, APA filed a lawsuit against American Airlines. The airline attempted to circumvent scope clause that placed limits on regional flying. It did so by altering the AmericanConnection IATA code to ''AX'' for flights operated by Chautauqua and Trans States. The issue was settled in 2007 when a federal arbitrator ordered American to pay $23 million to APA members for violating the scope clause. The merger of American and US Airways US Airways (formerly USAir) was a major United States airline that operated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Term Sheet
A term sheet is a bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer. It is usually the first documented evidence of a possible acquisition. It may be either binding or non-binding. After a term sheet has been "executed", it guides legal counsel in the preparation of a proposed "definitive agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement. Term sheets are very similar to " letters of intent" (LOI) in that they are both preliminary, mostly non-binding documents meant to record two or more parties' intentions to enter into a future agreement based on specified (but incomplete or preliminary) terms. The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Plan
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "Defined benefit pension plan, defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with Severance package, severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laura Glading
Laura Glading is a labor union activist and leader. She was elected president of the Association of Professional Flight Attendants (APFA), the independent union that represents flight attendants at American Airlines, in February 2008. Glading was elected to a second term in February 2012. She is currently the executive director of labor and employee relations for the Federal Aviation Administration (FAA). Career Glading began her career as a flight attendant with American Airlines in the late 1970s, quickly becoming an active member of the Association of Professional Flight Attendants. She became a base president for the APFA in New York prior to the 1993 American Airlines flight attendant strike. Later, she served as committee chair for the APFA's negotiation committee before being elected national president of the APFA in 2008. During her nearly eight-year tenure as president, Glading oversaw the union through American Airline's bankruptcy and advocated for the historic Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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