U.S. Expresses Concern About UAL Pensions
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The Bush administration expressed  fresh concern on Wednesday about the possibility bankrupt  United Airlines UALAQ.OB might scrap its employee pension  plans, which would shift the burden of paying benefits to the  government.
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Many United Airlines employees face a dimmer career outlook after learning the airline proposes wage cuts, job cuts and pension terminations to help pare $2 billion from annual costs.
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For the first time, United Airlines has acknowledged that it is &quot;likely&quot; to terminate its pension plans, a move the carrier said it needs to attract financing to emerge from bankruptcy.
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CHICAGO Aug. 19, 2004  United Airlines warned that it likely will have to terminate its employee pension funds in order to secure the loans it needs to get out of bankruptcy a drastic step that would represent the largest pension default ever by a US ...
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U.S. pension insurers on Wednesday  assumed control of underfunded retirement plans covering flight  attendants, machinists and other non-union workers at bankrupt  US Airways, the government said.
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ALEXANDRIA, VIRGINIA - US Airways Group, trying to raise money and avoid liquidation, on Monday asked a judge for permission to skip a big pension payment due this week, in its first move since filing for protection against creditors over the weekend.
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The U.S. pension agency on Thursday  said it had filed a motion in court asking for permission to  take over the retirement plans of pilots at bankrupt United  Airlines, which are underfunded by $2.9 billion.
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The government&#39;s pension guarantee agency said yesterday that it will seek immediate termination of the pension plan of the pilots of United Airlines, a move the agency estimated would
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The pilots&#39; union for UAL&#39;s (otc: UALAQ - news - people ) United Airlines commenced a three-day-conference Monday. Representatives of the fliers are scrutinizing the bankrupt firm&#39;s proposal to further slash pay and benefits.
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CHICAGO : The judge overseeing United Airlines&#39; bankruptcy case struck a controversial pension-related brief from the record, in the latest development in the row over United&#39;s underfunded pension plans.
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United Airlines parent UAL Corp. will  need about $500 million more in annual cost cuts above the $655  million in the works now as well as pension cost savings to  emerge from bankruptcy, the carrier said on Friday.
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The US pension insurance agency on Thursday asked a federal judge to let it assume responsibility for an underfunded pension plan for pilots at bankrupt United Airlines, arguing that it could help bolster the health of pensions for former and current
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United Airlines has said it will very likely terminate its four employee pension plans and replace them with less generous benefits. United said the drastic move was needed to attract the financing that would allow it to emerge from bankruptcy.
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CHICAGO (Dow Jones)--A federal judge on Friday ruled that a massive informational brief filed by UAL Corp. &#39;s (UALAQ) United Airlines regarding the status of the company&#39;s pension plans was improper and should
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Taking responsibility. The Pension Benefit Guaranty Corp. moved Thursday to take on the pensions of United Airlines pilots. The US federal agency is already groaning under a $23 billion deficit, and the PBGC
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Standard & Poor's on Friday said ratings on about &#36;30 billion of aircraft-backed debt could be threatened if creditors lost a legal dispute with bankrupt UAL Corp.  unit United Airlines over the right to repossess aircraft.
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Bankrupt United Airlines said on Friday  it needs more labor cost cuts on top of any gains from  terminating employee pensions and expects to move toward  voiding its labor contracts in early November.