Summary
ATLANTA -- For weeks, Delta Air Lines' pilots have said they wanted the company to promise to protect their pensions before they would consider a pact to ease a wave of early pilot retirements.
While the airline has insisted its contract proposal would preserve pilots' accrued retirement benefits, the union wanted further assurances, something pension experts and bankruptcy lawyers doubt is possible over the long-term if the carrier files for Chapter 11.See the full content of this document
Extract
Pilots Believed 'Threat'
In a letter being sent to its members this week, the pilots union says it agreed to what amounts to a compromise because it believed the carrier's "threat" of bankruptcy....
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