So the PBGC is taking over United's pensions. While UA made lots of revenue, they still could not pay the workers at negotiated rates. So they went bankrupt.
Now I as an American taxpayer have to pay the pensions which were demonstrably impossible to pay?!?!? UA is one of the world's highest revenue airlines. Yet the negotiated pensions and salaries drove them under.
Talk about abusing BK law. This is an outright handout from the govt to UA workers. I for one have no desire to pay such a reward to union workers whose company crumbled under their demands. JMO. comments?