Summary
NEW YORK -- Delta Air Lines Inc., facing mounting legal issues surrounding its pilot pensions, can have until July 11 to submit its plan for reorganizing the company under Chapter 11 bankruptcy protection, a U.S. Bankruptcy Court judge ruled Thursday.
The airline originally had until Jan. 12 to submit a plan, and the company's creditors could have submitted alternative plans after that date. But the company faces additional legal battles over its handling of retirees' pensions, and Bankruptcy Court Judge Prudence Carter Beatty agreed to the extension.See the full content of this document
Extract
Delta Handed Deadline
Delta retirees have sought to overturn the airline's definitions of qualified and nonqualified payments into the company's pension funds. The retirees mai...
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