Delta offer renews pension fears

Feb. 10, 2006 at 4:06 PM

ATLANTA, Feb. 10 (UPI) -- Bankrupt Delta Air Lines of Atlanta, which is negotiating with its pilots, has offered a combined $300 million payment if it terminates pilots' pensions.

The offer raises fears that Delta could become the latest airline to dump underfunded pension obligations onto U.S. taxpayers, The Wall Street Journal said Friday.

To date, the carrier has not announced whether it will terminate its pilot pension plan, which contains $1.89 billion in assets but is 47 percent underfunded.

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