New Pension Rule May Help AMR Land A Deal With Pilots

Law360, New York (June 25, 2012, 1:01 PM EDT) -- The U.S. Department of the Treasury proposed a rule Wednesday that could allow the bankrupt parent of American Airlines to freeze and retain pilot pension plans instead of cutting them, which could be an important factor in the deal the company and the pilots' union are working toward.

The proposed rule could make the Allied Pilots Association look more favorably on AMR Corp.'s so-called last best final offer, which the union is currently studying after U.S. Bankruptcy Judge Sean H. Lane ruled Thursday to postpone until...
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