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Local & Regional
10:22 am
Tue November 29, 2011

Chamber Reaction of American Announcement

Tulsa, OK – Statements applicable to Mike Neal, president and CEO, Tulsa Metro Chamber:

The company has experienced hard times before, but the Tulsa region has also witnessed the ability of its employees and leadership to rally around a common goal - and that is to reinvent processes, identify cost-reduction measures, and again make the company sound.

This is not an isolated occurrence, but one that many airlines have previously encountered with the steady rise in fuel costs, maintenance, and inventory replacement. Hard decisions are facing the AMR, Corp. Board of Directors and management, but now, perhaps more than ever, our largest employer and our friends and neighbors need support from the business community and area elected officials.

It is too early to speculate, but a Chapter 11 filing to reorganize American Airlines potentially has untold impact in the Tulsa region and would reverberate throughout the entire economy.

The Chamber is in regular contact with officials at American Airlines MRO - Tulsa , together the Chamber, with the City of Tulsa, Tulsa County, area municipalities, Gov. Mary Fallin, regional legislative delegation, area municipalities, the Oklahoma Department of Commerce, and Oklahoma Congressional delegation, have pledged our support as the reorganization progresses.