When a Louisiana company acquires the assets of another, interested parties typically enter written agreements that define the responsibilities and obligations of all parties involved in the transition. For instance, back in 2001, American Airlines took over Trans World Airlines (TWA), and included in the employee contracts were certain protections that secured captain positions for a number of former TWA pilots. A serious contract dispute has flared after an arbitrator recently ruled that those protections have expired.
In short, the jobs the former TWA pilots thought they would have within the new company structure are now slated to be handed over to American Airlines pilots. Thus, it has become a contentious employee versus employee situation. American Airlines says it does not wish to take sides in the issue but is willing to carefully review the recent arbitration rulings.