Delta Reaches Concession Deal With Pilots

Law360, New York (May 31, 2006, 12:00 AM EDT) -- Raising the ire of the Pension Benefit Guaranty Corp., Delta Air Lines Inc. and its pilots struck a deal Wednesday that allows $280 million in annual concessions.

The union representing the pilots for the nation’s third-largest carrier stated in a memo that 61% of the pilots voted for the concessions.

The deal, which would begin Thursday and continue through 2009, was subject to approval by the bankruptcy judge on a date still to be determined.

However, the agreement did not go over well with all parties...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.