FORT WORTH, Texas--(BUSINESS WIRE)--Allied Pilots Association President Capt. Keith Wilson issued a statement regarding the United States Senate’s passage of S.2614, which would give American Airlines employees the same tax treatment as all other airline employees who have suffered economic losses as a result of recent Chapter 11 bankruptcy restructurings. The full text of Capt. Wilson’s statement:
“We applaud Senate lawmakers for moving to pass this legislation by the “hotline” process. In particular, we are grateful for the strong support we have received from bill sponsor Senator Inhofe and co-sponsor Senator Brown. The Senate’s passage is a vote in favor of fair treatment for American Airlines workers.
“Our pilots and fellow employees experienced significant economic losses as a consequence of American Airlines’ Chapter 11 restructuring. This bill enables American Airlines workers to defer taxes on a portion of the equity we received in the restructured airline as partial compensation for our losses.
“Once again, we express our appreciation to Senate lawmakers and respectfully request that the U.S. House of Representatives likewise move promptly to approve this important legislation.”
Founded in 1963, the Allied Pilots Association — the largest independent pilots union in the United States — is headquartered in Fort Worth, Texas. APA represents the 15,000 pilots of American Airlines and US Airways, including several hundred pilots on full-time military leave of absence serving in the armed forces. The union’s website is www.alliedpilots.org. American Airlines is the world’s largest passenger airline.
