"We don't believe that a company that has $2 billion in cash and
over $5 billion in assets should be terminating pension plans. We
don't think the PBGC (Pension Benefit Guaranty Corporation) was
established to pay pensions for companies with those kinds of
assets."
Source: Machinists Vice President Robert Roach,
Jr. in an interview with the Rocky Mountain News about the
possibility that the Bush administration might intervene with
legislation that would stop United Airlines from dumping its four
major pension plans. United has threatened to kill the funds as
part of its attempt to emerge from bankruptcy protection.
Flying 52 hrs, 300 HP Lycoming, UPS IFR stack, trutrack AP, and
more. Exterior paint is primer white, interior 4 seats complete and
installed. 200 kts.
Exterior Quality: 10, Interior Quality: 10
New, will sell for $175,000.00
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