When the legacy carriers filed Ch 11 , they weee able to shed massive pension … · @KemonomichiNL · TwKit

@KemonomichiNL

When the legacy carriers filed Ch 11 , they weee able to shed massive pension obligations. Eg Delta offloaded $3b of defined benefit pension liability to the PBGC in 2005 That’s an one time move as the airlines all moved to 401ks, so bankruptcy is now less effective

曝光 77 · 评论 0 · 点赞 0 · 书签 0