Bush Administration Wants To Avert Full-Blown Pension
If bankrupt United Airlines bails out on its pension obligations
to employees, the Bush administration is worried that it could
touch off a full-blown pension crisis in corporate America. The
Rocky Mountain News reports the White House is now considering
legislation that would prevent the airline from reneging on its
promise to take care of its retirees.
It seemed like the perfectly normal thing to do. The pilot of a
1948 Auster J1-N landed in a cow field near Hereford, England, over
the weekend for a meal at a local pub. But it was the plane that
ended up on the menu.
Runways at the nation’s airports are getting safer for the
second year in a row. Runway incursions dropped 20 percent over a
four-year period, according to an FAA report released today. US
airports recorded 324 incursions last year, of which just 32 were
characterized as high risk. Those serious incidents have dropped 50
percent since 2000. For the second consecutive year, none of the
most serious incursions involved two large commercial jets.
Wisconsin pilot Mark Strub didn't know the name of his passenger
when he took off from Alexander Field in his 1941 Stearman PT-13.
The Michigan woman wanted to go for a ride at the Children's
Miracle Network Balloon Rally. Strub was giving 10-minute rides in
the open-cockpit aircraft.
A pilot's loss of situational awareness caused two F-16 Fighting
Falcons to collide May 17, according to a report Air Force
officials released Aug. 30. The lead pilot, of the Indiana Air
National Guard’s 113th Fighter Squadron in Terre Haute, was
killed in the crash. The pilot of the second aircraft, also
assigned to the 113th FS, safely ejected and suffered minor
injuries. The aircraft, with a combined value of about $39.8
million, were destroyed.
Mark Strub is a caring man always willing to help a person in
need. That's the word from friends of the 42-year old Wisconsin
pilot whose 1941 Stearman PT-13 went down in Nepco Lake Saturday
while he was giving rides during a balloon rally. His passenger,
39-year old Kimberly Reed of Eau Claire (MI), was killed.
Scientists Discover First of a New Class of Extrasolar
Astronomers announced today the first discovery of a new class
of planets beyond our solar system about 10 to 20 times the size of
Earth - far smaller than any previously detected. The planets make
up a new class of Neptune-sized extrasolar planets.
Phoenix East Aviation, Inc. has announced the winner of a
Private Pilot Basic Course giveaway. Beau Mongold, Summerton, South
Carolina, was selected at random from all entries submitted at the
Phoenix East Aviation exhibit during EAA AirVenture 2004 in
The Experimental Aircraft Association is celebrating this year's
75th anniversary of its prized Ford Tri-Motor passenger airplane,
and the 75th anniversary of transcontinental air service, by taking
this rare aircraft to selected cities in the Midwest this fall.
"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
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
So far no individual has been allowed to actually fly under
Sport Pilot rules... until this very day,
September 1, 2004. This is the big day that the FAA has
been looking forward to during the many years of
development that they have invested in the new Sport Pilot
certificate program and airworthiness programs for Light Sport