Delta Air Lines pilots union said last week it will "vigorously oppose" US Pension Benefit Guaranty Corp.'s effort to overturn the concessions agreement it reached with management of the bankrupt airline. PBGC, the federal pension insurer that would assume much of the pension obligation abandoned by Delta, said last week in a bankruptcy court filing that the agreement between Delta and the Air Line Pilots Assn. for $280 million in annual givebacks violates US bankruptcy law and should be ...

Subscribe to Access this Entire Article

"Delta pilots 'vigorously oppose' PBGC attempt to block concessions deal" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.