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Delta reduced its pension and other retirement liabilities by more than $3.5 billion last year, and there could be more improvement coming in the next few years. Delta Air Lines, Inc. Makes ...
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
In the past, US Airways and United Airlines, now merged into United Continental , have seen the PBGC take over certain pension-plan obligations to provide benefits to their workers as part of the ...
Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline.
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Board member of. Aeroméxico, Atlanta Committee for Progress, Metro Atlanta Chamber of Commerce, Woodruff Arts Center, Virgin Atlantic, Greater Atlanta Christian School. Children. 4. Edward Herman Bastian (born June 6, 1957) is an American business executive. He is the ninth and current chief executive officer of Delta Air Lines, serving in ...
Republic Airlines was an airline in the United States that operated from 1979 until it merged with Northwest Airlines in 1986. Republic was formed by the merger of North Central Airlines and Southern Airways on July 1, 1979. Their headquarters were at Minneapolis–Saint Paul International Airport, in what is now Fort Snelling in unincorporated ...
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