Bankrupt Delta Air Lines' reorganization efforts seemingly were boosted when the carrier reached a tentative agreement with its pilots last month on $280 million in annual concessions (ATWOnline, April 25) , but the US government's pension insurer said the deal violates US bankruptcy law and should be rejected. Part of Delta's pact with the Air Line Pilots Assn. involves terminating the pilots' pension plan while promising the pilots $650 million in notes and a $2.1 billion unsecured claim ...

Subscribe to Access this Entire Article

"US pension insurer urges court rejection of Delta-ALPA 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.