US Airways Asks to Skip Pension Payment
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US Airways Group Inc. (UAIR.O: Quote, Profile, Research) told a bankruptcy court on Monday it would skip a $110 million pension payment due Wednesday
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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.
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United Airlines, which has said it  plans to skip nearly $500 million in pension contributions this  fall, said in bankruptcy court papers it likely will have to  cancel and replace all of its pension plans.
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United Airlines' workers are getting formal details on how the bankrupt company wants to replace their traditional pension with a 401(k)-style benefit plan &#151; plus further steep reductions in pay and other benefits.
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Dulles, VA, Aug. 17 (UPI) -- US Airways is seeking permission to delay pension contributions of $67.5 million, so it can keep operating.
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CHICAGO - United Airlines would be within its rights to terminate its employee pension plans but hasn't yet decided to do so, an attorney for the carrier said Friday, as two unions urged a judge to block a financing plan they say is predicated on the airline halting fund contributions.    The hearing came a day after the release of court papers in which United warned it "likely" will have to end those pension funds in order to secure the loans it needs to get out of bankruptcy...
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The federal agency that insures pensions has asked a bankruptcy court to compel United Airlines to make over $800 million in pension contributions, officials said Monday.
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The US agency that insures corporate pensions is troubled by provisions in a $180 million concession deal between pilots and United Airlines (UALAQ.
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The trustee firm representing employee pension funds at United Airlines sought a court order Tuesday that the carrier be required to make up hundreds of millions of dollars in skipped pension contributions before exiting bankruptcy.
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The government's pension insurer said Tuesday that it wants the authority to place liens on the assets of companies in bankruptcy such as US Airways when those companies do not make required payments to their pension plans.
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US Airways Group Inc.  told a bankruptcy court on Monday it would skip a &#36;110 million pension payment due Wednesday as it looks to slash costs and avoid liquidation after filing for protection from its creditors over the weekend.
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US Airways is seeking $800 million in concessions from employee unions as it attempts to avoid filing Chapter 11. The Air Line Pilots Association will present its proposal on the evening of
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In an effort to conserve cash, financially ailing US Airways Group Inc. said Monday that it plans to ask the Internal Revenue Service for permission to delay payments into the pension plans of two of its employee groups.
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US Airways also asks a judge to approve pay and benefit cuts to help save the carrier from going under. By Associated Press. ALEXANDRIA, Va.
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US Airways (UAIRQ.OQ: Quote, Profile, Research) has asked a bankruptcy judge to approve temporary wage and other cost cuts from its unions, saying it only has enough cash to survive through January 2005.
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CHICAGO United Airlines, which has been threatening to end its pensions, has sent contract proposals to its employee unions. United wants to replace future pension plans with a defined contribution plan.
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US Airways Group Inc. and its pilots union broke off talks on reduced pay and benefits the airline is seeking to avoid a bankruptcy filing, with the union