USA - Delta Airlines announced yesterday it had been granted bankruptcy court approval to terminate its pilots' defined pension plan, taking it one step closer to its goal of a successful exit from bankruptcy.
Judge Adlai Hardin made his decision after Delta told the court that DP2, the last remaining union opposition to the plan consisting of 100 retired pilots, had withdrawn its objection over the week...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date