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 ...

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