Posts: 11390
Joined: Mon Apr 25, 2005 2:30 am

Good News For AA/CO: Pensions

Thu Oct 06, 2005 12:06 pm

Looks like American and Continental are happy with the new compromise on the pension bill now working its way through the U.S. Senate, that could get to a full floor vote by this week's end.

The previous bill, which was placed on a procedural "hold" by Texas Senator John Cornyn, would have given Delta and Northwest a competitive advantage by giving them 14 years to catch up on pension underfunding, but would have forced American and Continental -- both of whom have been faithfully paying into their pension plans -- to freeze their current plans in order to get the 14-year plan. American and Continental were obviously not happy with this provision, as both have made it clear that they would like to keep their employees' current plans, rather than having to freeze or dump them.

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos