US - The Pension Benefit Guaranty Corporation (PBGC) has sold almost six million shares in Delta Air Lines.
The shares were sold over the month of February by JPMorgan Investment Management Inc which was assigned investment and voting authority over the Delta stocks by PBGC.
As a result of this sale, PBGC holds 43.5 million or 14.9% of the Delta Common Stock.
A filing to the Securities and Exchange Commission said PBGC could acquire further stock in the airline.
PBGC took control of Delta's $3bn under funded pension plan in at the end of 2006 and has continued to pay benefits to 13,000 workers.
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