American Airlines sent a letter to employees Wednesday night, laying out the first changes for their employment as the company began the cost cutting needed to keep the bankrupt air carrier in the air.
Fort Worth Mayor Betsy Price says don’t expect overgrown grass and empty lots at the site of the American Airlines maintenance base at Alliance Airport. The city has already heard from several companies interested in moving into the space.
American Airlines plans to eliminate 1,090 jobs when it shuts down a Fort Worth maintenance facility in December.
Nearby businesses say they’re dependent on the business they get from American’s employees.
Treasury Secretary Tim Geithner is making a whirlwind visit to DFW to promote the transportation elements of President Obama’s proposed 2013 budget.
The federal pension insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans.
Hillwood Properties has laid out expansion plans for a project called AllianceTexas. Hillwood wants to build 3,000 multifamily units over the next 10 years.
There’s talk of creating passenger train service to Alliance Airport in Fort Worth and then possibly on to other points north of the city.