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 06.18.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 06.18.13 **

** AIRBORNE 06.14.13 Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 06.14.13**

** AIRBORNE 04.01.13 SPECIAL EDITION of Aero-TV-- CLICK HERE! ** HD iPad-Friendly Version -- AIRBORNE 04.01.13 SPECIAL EDITION **

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

Aero-TV: Garmin’s GNC-255 –- Back To Basics

Garmin's New Aviation VHF Radios Early this year, a new series of aviation VHF COM and NAV/COM radios, the GTR and GNC series, was announced by Garmin. As the replacement products >[...]

EADS And Siemens Enter Long-Term Research Partnership

Sign MoU With Diamond Aircraft On Electric Propulsion System EADS and Siemens are entering into a long-term research partnership to introduce new electric propulsion systems that c>[...]

ANN's Daily Aero-Term (06.19.13): Ceiling

The heights above the earth's surface of the lowest layer of clouds or obscuring phenomena that is reported as broken, overcast, or obscuration, and not classified as thin or parti>[...]

ANN's Daily Aero-Linx (06.19.13)

The Army Aviation Heritage Foundation The Army Aviation Heritage Foundation (AAHF) is a non-profit public educational foundation dedicated to presenting the Army Aviation story to >[...]

Aero-News: Quote Of The Day (06.19.13)

“The serial electric propulsion allows us to design airplanes with totally different characteristics than today. Vertical take-off and high-speed cruise can be realized in a >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Aero-TV: Garmin’s GNC-255 –- Back To Basics

Airborne 06.18.13: Reno Race Shakeup, A350 XWB First Flight, Great Lakes Flies!

Airborne 06.14.13: FAA Extorts $447K From EAA, Eurocopter's X3, TIGHAR Denials

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2013 Web Development & Design by Pauli Systems, LC