As Pilots Inch Towards Strike, Delta Throws Bones

Law360, New York (February 10, 2006, 12:00 AM EST) -- With its disgruntled pilots union a gathering storm, Delta Air Lines Inc. offered this week to pay pilots $300 million in the event that it cuts its $1.89 billion pilot pension plan, although the embattled carrier has yet to decide whether it will do so.

Simultaneously, the bankrupt Delta lowered the amount of concessions it is seeking from pilots to $315 million a year, down from the previous demand of $325 million, according to the Wall Street Journal.

The news came as the Delta pilots union...
To view the full article, register now.