Wednesday, November 30, 2011

Rockfeller seeks FAA reauthorization bill

Posted by- Neelam Mathews
Nov 30, 2011

US Senate Committee on Commerce,  Science and Transportation Chairman John D. (Jay) Rockefeller IV released this statement following American Airlines’ announcement to seek bankruptcy protection:

 “I was disappointed to learn that American Airlines filed for bankruptcy.  I know that Gerard Arpey, CEO of American Airlines, worked hard to avoid it.  I commend him for trying to restructure the company in order to preserve his employees’ hard-earned pensions.  I also know he cares about his employees and that he regrets taking this action.  

Seeking bankruptcy protection is not an easy decision and is a difficult and painful process for workers, retirees, shareholders, and the communities American Airlines serves.  I’m confident that the company will work through this restructuring and emerge a stronger and better airline.  Ensuring that the U.S. has a healthy airline industry is one of the reasons that I am working so hard to pass an FAA reauthorization bill.  We need a long-term FAA bill to create the conditions necessary for our airlines, airports, and manufacturers to thrive.”


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