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Aero-News Quote Of The Day (01.12.05)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"We still believe we need to terminate all our (pension) plans."

Source: United Airlines Chief Financial Officer Jake Brace said in the hallway of the US Bankruptcy Court in Chicago, IL, Monday. He was quoted in the Denver Post. Over the weekend, United came to terms with some of its unions over the issue of terminating pension plans. But on Friday, the bankruptcy judge turned down a pension-pulling deal between United and its pilots.

FMI: www.united.com

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