Delta May Ask Pilots For $1 Billion Concession | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 04.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.16.14 **
** Airborne 04.14.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.14.14 **
** Airborne 04.11.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 04.11.14 **

Wed, Jul 07, 2004

Delta May Ask Pilots For $1 Billion Concession

Otherwise, Carrier Says, It's Chapter 11

Delta Airlines wants its high-paid pilots to give up $1 billion a year in concessions, otherwise threatening to file for Chapter 11 bankruptcy, according to a national newspaper.

USA Today reports the new demand is decidedly higher than the $800 million Delta asked its pilots to give up earlier this year.

The pilots' union (ALPA) appears unwilling to play the "take-it-or-leave-it" deal Delta is offering. A spokeswoman for the union told USA Today that it will make its own offer to the airline next week.

Talks between Delta and the ALPA broke down back in January. The company wanted $800 million a year in concessions. The pilots were only willing to take a 30-percent pay cut. That left them the highest paid pilots in the business, while it left Delta with a lot of red ink on its books.

But the ALPA pilots may want something in return for their concessions. Union Chairman John Malone told USA Today he expects some sort of equity or a seat on the Delta board if his pilots give in.

FMI: www.alpa.org, www.delta.com

Advertisement

More News

Airborne 04.16.14: Red Bull Race Results, BFA v FAA, B-29's New Home

Also: Aero-TV Classic-Ballooning, Dassault UCAV Formation, Black Knight Transformer, Save Jane Wicker's Aurora! It was a day full of surprises in Rovinj, Croatia, as Hannes Arch wo>[...]

Airborne 04.16.14: Red Bull Race Results, BFA v FAA, B-29's New Home

Also: Aero-TV Classic-Ballooning, Dassault UCAV Formation, Black Knight Transformer, Save Jane Wicker's Aurora! It was a day full of surprises in Rovinj, Croatia, as Hannes Arch wo>[...]

Aero-TV: Active Winglets -- Tamarack Aerospace Partners with Cessna

Innovative Aerodynamic Technologies Produce Game-Changing Results At the NBAA 2013 convention, ANN CEO and Editor-In-Chief, Jim Campbell had a chance to talk with Tamarack Aerospac>[...]

AD: Sikorsky Helicopters

AD NUMBER: 2014-07-04 PRODUCT: Sikorsky Model S-92A helicopters.>[...]

AD: Fokker Services B.V. Airplanes

AD NUMBER: 2014-07-05 PRODUCT: Certain Fokker Services B.V. Model F.28 Mark 0070 and 0100 airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC