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Delta unveiled its profit-sharing program in 2007 as the company emerged from bankruptcy, and employees received their first payout in 2008, totaling $158 million.
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 ...
The history of Delta Air Lines began with the world's first aerial crop dusting operation called Huff Daland Dusters, Inc. The company was founded on March 2, 1925, in Macon, Georgia, before moving to Monroe, Louisiana, in summer 1925. [13] It flew a Huff-Daland Duster, the first true crop duster, designed to combat the boll weevil infestation ...
Delta TechOps (Technical Operations) is the maintenance, repair and overhaul (MRO) division of Delta Air Lines, headquartered at Hartsfield-Jackson International Airport in Atlanta, Georgia. With more than 9,600 employees and 51 maintenance stations worldwide, Delta TechOps is a full-service maintenance provider for the more than 900 aircraft ...
The Boeing 777 fleet retirement plan is a move toward Delta's (DAL) financial goal to reduce cash burn rate to zero by 2020-end. Delta Plans Retirement of Boeing 777 Fleet Amid Coronavirus Woes ...
The airline said it is retiring its Boeing 717-200 aircraft and the remainder of its 767-300ER aircraft from the fleet by December 2025. It is also retiring its CRJ-200 aircraft by December 2023 ...
Early retirement accelerated due to the COVID-19 pandemic. Boeing 747-100: 5 1970 1977: Lockheed L-1011 TriStar: Early retirement accelerated due to the 1970s Oil Crisis. Boeing 747-200: 2 2008 2009 Airbus A330 family: Former Northwest Airlines fleet Never flew under Delta's brand name. Boeing 747-200F: 15 None Boeing 747-400: 16 2008 2017 ...
Delta Air Lines is a major American airline. [1] [2] The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia [3] to combat the boll weevil infestation of cotton crops. [4] C.E. Woolman, general manager and later Delta's first CEO, led a group of ...