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Delta files to terminate pilots' pensions

Delta Air Lines filed documents yesterday with the Pension Benefit Guaranty Corp. to terminate its pilots' pension plan. The move, which Delta said is necessary to emerge from Chapter 11 bankruptcy protection, was not unexpected following the pilots' May 31 ratification of a concessions deal that will save the airline $280 million annually and that included incentives for pilots if they do not oppose the pension termination (ATWOnline, June 1).

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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