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Delta: Pilot Pension Peril

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Delta: Pilot Pension Peril

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Old 22nd August 2005 | 23:14
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Delta: Pilot Pension Peril

With it seemingly inevitable that Delta will declare bankruptcy in the next few weeks, are Delta pilots about to resign enmasse in order to protect their accrued pension benefits. It is my understanding that they must resign BEFORE the airline declares Ch 11 to assure a payout of vested benefits. Comments...
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Old 23rd August 2005 | 04:07
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The DL market capitalisation is approx. $200M, the approx. cost of a B777 with spares.

Chapter 11 is getting closer every day
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