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Air Canada to make up pension deficit in 10 years
Toronto, Canada - The deficit is estimated to USD 1.5bn

Air Canada has proposed to its unions on Tuesday that the company's large pension deficit be repaid over the next 10 years, rather than in 13 years as proposed and on more than 5 years as the federal pension rules dictate. The air company has asked unions, regulators, creditors and financial backers for a response to its revised plan by Friday, Air Canada chief executive, Robert Milton, told the employees. The...
AVIONEWS - World Aeronautical Press Agency - 54244
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency