United Air Creditors Oppose Deal With Pilots
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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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US Airways and its pilotsÂ union were set to meet, amid resistance to the airlineÂs bid to shrink their already diminished pension plan.
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United Airlines Inc., under Chapter 11 bankruptcy protection since 2002, called an emergency hearing today in Chicago to stop a group of creditors from repossessing 10 of its planes.
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A federal bankruptcy judge on Friday  rejected an agreement between UAL Corp. UALAQ.OB and its  pilots union that would have let bankrupt United Airlines cut  pilots' pay by 14 percent and terminate their pension plans.
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United Airlines pilots would drop their opposition to the carrier's much-decried plan to eliminate traditional pensions under a tentative contract agreement approved by union leaders.
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US Airways' efforts to extract $800 million in cost cuts from its unions and avoid a return to bankruptcy suffered a major setback when a divided pilots union refused to submit a contract proposal to its membership for a vote.
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Shares of US Airways Group Inc.  UAIR.O slid as much as 23 percent on Tuesday after leaders of  its pilots union rejected the company's latest contract  proposal, dealing a blow to its attempt to avoid a second trip  through bankruptcy.
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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
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US Airways Group Inc.&#39;s pilot leaders rejected proposed pay and benefit cuts, possibly derailing the carrier&#39;s plan to wrest $800 million in labor concessions in time to avoid a second bankruptcy filing.
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SAN FRANCISCO (CBS.MW) -- The union representing United Airlines pilots refused Saturday to discuss reports that a federal pension agency might oppose a cost-cutting plan.
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The union representing the pilots at  UAL Corp. UALAQ.OB, parent of bankrupt United Airlines, on  Thursday said its members had ratified a contract agreement  with the airline.
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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 &#36;300 million in givebacks, both sides said.
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Pilots at US Airways Group LCC.N are   frustrated with the airline's contract proposals, which they   say reflect neither the company's bright financial outlook nor   the pilots' contribution, a union spokesman said on Friday.
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United Airlines formally raised the possibility of throwing out union contracts on Friday, asking a bankruptcy judge for permission to discuss the matter at an upcoming court hearing.
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(September 11, 2004) - US Airways made a last-ditch contract offer to the union that represents its pilots Friday as the airline tries to avoid a second bankruptcy filing that may be just be days away.
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United Airlines, struggling to reorganize after two years in bankruptcy protection, reached a tentative agreement with its pilots&#39; union on additional wage and benefit concessions, the union said yesterday.
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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 U.S. airline.