Airlines May Trigger Biggest 'default' In History

[EyeInTheSky]

http://www.csmonitor.com/2004/1004/p02s01-usec.html

United's pension woes: sign of bigger issue

Ailing airline may end all of its pension plans, creating the biggest default in US history and forcing a possible bailout.

By Alexandra Marks | Staff writer of The Christian Science Monitor

NEW YORK – Despite ongoing negotiations with its unions, United Airlines has told the bankruptcy court that the "likely result" will be a decision to terminate all of its pension plans.

 

[cavalier]

http://www.csmonitor.com/2004/1004/p02s01-usec.html

United's pension woes: sign of bigger issue

Ailing airline may end all of its pension plans, creating the biggest default in US history and forcing a possible bailout.

By Alexandra Marks | Staff writer of The Christian Science Monitor

NEW YORK – Despite ongoing negotiations with its unions, United Airlines has told the bankruptcy court that the "likely result" will be a decision to terminate all of its pension plans.

[post="187465"][/post]​

The answer according to our local yokel Senator Ricky baby would be to work till you're dead, like he said about the SS issue, all the while he doesn't pay a dime into it and will retire like a king....gota love it....

 

[EyeInTheSky]

The answer according to our local yokel Senator Ricky baby would be to work till you're dead, like he said about the SS issue, all the while he doesn't pay a dime into it and will retire like a king....gota love it....

[post="187503"][/post]​

Rick Santorum is a disgrace to the state of Pennsylvania. This nazi must be voted out of office in two years.

 

[casual rat]

Hoover was a Republican, right? Seems history has the potential to repeat itself. Bootlegging in the 30's was profitable, eh? All it takes is one event to begin 'the chain' of consequences.