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Attn. All Former Pan Am Employees  
User currently offlineTu154 From United States of America, joined Dec 2004, 376 posts, RR: 4
Posted (7 years 10 months 6 days 19 hours ago) and read 5479 times:

Monies secured in a settlement with Libya goes to 15,000 former PAA employees. If you were on the payroll at Pan Am on 04 December 1991 you should call: 877.813.3539.
Ask about the "Pan Am liquidation trust" and be sure they have your correct address on file. Cheques should be going out in January 2007.

It's hard to believe that after all these years we are still getting money from Pan Am. I only wish we were still getting regular pay cheques and still working for PAA!

cheers!

[Edited 2006-11-30 04:53:08]


FIRST ON THE ATLANTIC.....FIRST ON THE PACIFIC.....FIRST IN LATIN AMERICA...FIRST 'ROUND THE WORLD.....PAN AM!!
7 replies: All unread, jump to last
 
User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 1, posted (7 years 10 months 6 days 19 hours ago) and read 5463 times:

Quoting Tu154 (Thread starter):
Monies secured in a settlement with Libya goes to 15,000 former PAA employees.

I thought the monies were going to the families that were affected by the PA103 tragedy, not the employees....



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineTu154 From United States of America, joined Dec 2004, 376 posts, RR: 4
Reply 2, posted (7 years 10 months 6 days 19 hours ago) and read 5441 times:

Quoting AirframeAS (Reply 1):
I thought the monies were going to the families that were affected by the PA103 tragedy, not the employees....

Yes this is true. Monies went to those affected by PA103, as well as creditors and the last bit to employees. To my understanding it is a small part of our severance package when PA went out of business. In effect, after all were payed, whatever was left over went to the former employees. Hey, it's something right?



FIRST ON THE ATLANTIC.....FIRST ON THE PACIFIC.....FIRST IN LATIN AMERICA...FIRST 'ROUND THE WORLD.....PAN AM!!
User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 3, posted (7 years 10 months 6 days 19 hours ago) and read 5408 times:

Quoting Tu154 (Reply 2):
Hey, it's something right?

Yeah it is something, of course. Now let me ask: Now that PA is gone, defunct or however you want to call it.... who is managing the monies to prevent fraud and whatnot?



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12150 posts, RR: 51
Reply 4, posted (7 years 10 months 6 days 19 hours ago) and read 5397 times:

Yeah, you'll get pennies on the dollar. Don't count on all you are owed, the creditors get the biggest share, then the families of PA-103, employees and former employees get what ever is left.

User currently offlineTinkerBelle From , joined Dec 1969, posts, RR:
Reply 5, posted (7 years 10 months 6 days 10 hours ago) and read 5216 times:

Quoting KC135TopBoom (Reply 4):
Yeah, you'll get pennies on the dollar. Don't count on all you are owed, the creditors get the biggest share, then the families of PA-103, employees and former employees get what ever is left.

You forgot the freaking lawyers.


User currently offlineFlysherwood From United States of America, joined Jul 2006, 1115 posts, RR: 0
Reply 6, posted (7 years 10 months 6 days 6 hours ago) and read 5043 times:

Quoting TinkerBelle (Reply 5):
You forgot the freaking lawyers

And how much would you get without the lawyers?


User currently offlineACVitale From United States of America, joined Aug 2001, 922 posts, RR: 10
Reply 7, posted (7 years 10 months 6 days 3 hours ago) and read 4856 times:

Thank You. Some of us appreciate this information.

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