Delta Gets Deal On Pilot Pensions

Summary


ATLANTA - Delta Air Lines Inc. and the Pension Benefit Guaranty Corp. have reached a settlement over some key issues related to the carrier's request to terminate its pilots' pension plan.

Under the agreement, the government's pension insurer would get an unsecured claim of $2.2 billion against the nation's third biggest carrier.

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Extract


Delta Gets Deal On Pilot Pensions

That would put it in line with other unsecured creditors for compe...

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