ADDENDUM: Delta's Pensions Underfunded by $10.6 billion

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (9 fans)


At www.washingtonpost.com

How the airlines deal with that liability will influence the amount creditors recover, said Fitch's Warlick. Strategists said they expect Delta and Northwest to follow the path of U.S. Airways and United, which terminated their defined benefit pension plans and handed them over to the PBGC. If the carriers had to shoulder their own pension liabilities, recovery prospects for other creditors would be hurt, they said. First in line to be repaid will likely be lenders who provided debtor-in-possession financing, money obtained to keep a company operating in bankruptcy.

Read the rest of the story HERE:

At www.washingtonpost.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments