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Agreement about a new pension plan between US Airways and the pilots union

Arlington, Usa - The air company can afford only USD 850m for the plan

US Airways and its pilots union have reached an agreement on an underfunded pension plan, clearing a critical hurdle to the air carrier's emergence from bankruptcy to free more than USD 1bn in financing. The agreement was made Saturday between US Airways and the master executive council of the Air Line Pilots Association, according to an announcement by the union representing the pilots on its website. With...

AVIONEWS - World Aeronautical Press Agency - 42807
Rome, Italy, 03/24/2003 17:34
AVIONEWS - World Aeronautical Press Agency

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