Aloha Airlines received permission last week to cancel its employee pension plans from a US District Court judge, who ruled against the US Pension Benefit Guaranty Corp. in finding that the airline would be unable to survive its exit from bankruptcy or attract investors while still owing $155 million to its defined-benefit pension plans. Aloha's departure from Chapter 11 nearly was finalized when it reached a labor deal with its pilots earlier in the week (ATWOnline, Dec. 14) and it was ...

Subscribe to Access this Entire Article

"Aloha inches closer to Chapter 11 emergence with pension ruling" 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? ATWPlus@penton.com.