Delta Pilots Tap $10M War Chest To Fund Strike

Law360, New York (April 11, 2006, 12:00 AM EDT) -- With a strike looming ever closer, the pilots union at bankrupt Delta Air Lines Inc. has received final approval for a $10 million grant from the major contingency fund this week, as the labor organization continues to solidify its plans for a walkout.

The cash flooded in as negotiations between the union and the struggling airline remained at a standstill, according to the executive board of the Air Line Pilots Association International, which greenlighted the grant request.

The earmarked money, from ALPA’s Major Contingency Fund war...
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