American Airlines London VIP's digs to be sold

Jan 10, 2013 Full story: Philly.com

Lawyers for bankrupt American Airlines asked a federal judge for permission to sell a nearly $23 million London townhouse that company employees see as a symbol of executive power and indulgence.

Full Story

Since: May 08

Santee CA

#1 Jan 10, 2013
Holy S#!+... This BK thing is serious... OK, AA execs got out of the leases for planes and facilities they were paying for and not using. The turned the lives of employees upside down taking another billion and change from them for the 2nd time in a decade. Thousands took early retirements as opposed to being laid off. But now they are selling off the totally useless perks too. Wow this really is bare bones... I can't imagine staying in a 5 star hotel when visiting LON now. WITH COMMONERS. Oh the humanity? Do they get to keep some of the other houses worth not as much that didn't make the news? Brutal, simply brutal. It's okay guys, with the layoffs some of your long time employees will be left homeless too.
steve

Rocky Mount, VA

#2 Jan 10, 2013
A good start in showing AA wants to reduce costs. Now let them trim the fat in upper and middle management to really show they are serious in emerging from #11 lean and mean. Those high salaries will go a long way in reducing costs and streamlining the decision making process.

Executive Excess

United States

#3 Jan 10, 2013
Prost wrote:
can't imagine staying in a 5 star hotel when visiting LON now. WITH COMMONERS. Oh the humanity? Do they get to keep some of the other houses worth not as much that didn't make the news?
Maybe it is time these make the news too.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Economics News Discussions

Title Updated Last By Comments
Greek radical left wins election, threatening m... 11 hr Asian Guy 7
Banks Back Swap Contracts That Could Help Unwin... Wed williamscharles71 2
Better Buy: Ford vs. General Motors Jan 26 John Jeffery 1
Settlement offered to Silver State students (Dec '09) Jan 24 karen Johnson 65
Quirky in-flight catalogue SkyMall files for ba... Jan 23 Whiny1 1
Historic western Canadian moving company shutti... Jan 23 much too late 1
Roseville's Suede Blue steak and seafood restau... Jan 22 Mark Leach 2
More from around the web