AMR Corp.’s American Airlines wants to keep information related to a proposed rejection of union contracts out of public view so it can’t be used by competing airlines.
AMR filed court papers today seeking a judge’s approval to reject labor agreements with three unions. American wants to file documents or portions of documents related to the request under seal, it said in a filing today in U.S. Bankruptcy Court in Manhattan.
“Public release of the confidential material could compromise the debtors’ competitive position by allowing its competitors a critical glimpse into the debtors’ financial inner workings,” American said.
AMR, based in Fort Worth, Texas, is seeking court permission to reject the labor contracts as part of its bankruptcy reorganization and an effort to cut labor costs.
The case is In re AMR Corp. (AMR), 11-15463, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
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