Pilots' Deal With United Thrown Out
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A judge tossed out a deal Friday that United had reached with its pilots union, creating a setback in United's efforts to win the labor-cost savings the carrier says it needs to emerge from bankruptcy protection.
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United Airlines parent UAL Corp. and leaders of its pilots union have agreed on a deal under which the pilots will not oppose termination of their pension plan but will receive a $550 million note convertible into company stock when the airline emerges from bankruptcy protection.
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SAN FRANCISCO (CBS.MW) -- Pilot leaders at United Airlines unanimously endorsed a tentative agreement that will cut pay by 15 percent, opting to accept management&#39;s demands rather than risk the chance of losing more in federal bankruptcy court.
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US Airways Group Inc.  UAIR.O and  its pilots union agreed late on Friday to reopen concession  talks after leaders of the labor group declined to endorse a  plan proposed by management for nearly $300 million in  givebacks, both sides said.
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ARLINGTON, Va. The union representing US Airways pilots says talks with the airline have broken down. Today&#39;s announcement came days after union leaders said a new labor agreement could be reached soon with Pennsylvania&#39;s dominant airline.
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United Airlines has secured a tentative contract agreement with its pilots, clearing a critical early hurdle in its effort to make another round of painful
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A judge rejected a $180 million  concession agreement between bankrupt United Airlines  UALAQ.OB and its pilots' union on Friday, while the carrier  announced it had reached a tentative giveback deal with its  mechanics and was close to one with its flight attendants.
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Pilots at UAL Corp. UALAQ.OB,  parent  of bankrupt United Airlines, on Thursday overwhelmingly  ratified a new five-year contract which will allow the airline  to cut wages and get rid of traditional pensions but will give  the pilots future financial incentives.
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The government moved in federal court today to take over United Airlines&#39; pension fund for its pilots, saying the unusual step was needed to keep the airline and the pilots&#39; union from
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Talks between US Airways Group Inc. and the union representing pilots have broken down, the Air Line Pilots Association said Monday.
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The pilots union at United Airlines on Tuesday said its negotiators have reached a tentative contract deal with the bankrupt No. 2 US airline.
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Malcolm Glazerâs bid for Manchester United is dead in the water after major shareholders John Magnier and JP McManus told the American there was no basis for a deal.
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Leaders of US Airways Group Inc.&#39;s pilots union rejected the carrier&#39;s latest contract proposal late Monday, a blow to the No.
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The US pension agency on Thursday said it would take over the retirement plans of pilots at bankrupt United Airlines, which are underfunded by $2.9 billion.
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Leaders of US Airways&#39; pilots union late Monday rejected the carrier&#39;s latest contract proposal, a blow to the airline&#39;s attempt to avoid a second bankruptcy filing.
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United Airlines' creditors have joined the federal government in opposing a deal in which United would terminate its pilots' pension plan.
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CHICAGO: The agency that guarantees US corporate pension plans lashed out at United Airlines over an agreement with its pilots&#39; union that would allow the carrier to dump one of its employee pension funds with the union&#39;s blessing.