WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #61
DALPA's lawyers were quoted during yesterday's hearing that they would settle right now if they had assurance that DL would not terminate their pension plans which the company cannot promise to do until Washington acts on pension reform - which is expected to be taken up in the House before Christmas. Honestly, I have to agree w/ the pilots that they fear they will sign another heavily concessionary contract only to have their pension plans terminated which will not be reflected in their contract. It seems that pensions are the number one issue and the best thing both parties could do would be to sign a contract that gives the companies the cuts they are asking for - with consideration for the increased RJ flying being requested - along w/ stipulations that DL will reopen the contract if they terminate the pensions. This case is being played out more in Washington that bankruptcy court in New York; DL wants to let the feds know loud and clear that they will terminate the pension plans in Washington doesn't act. Given pension reform, DL's pension liabilities are manageable. As I have said before, I believe DL will receive pension reform, willretain its pension plans, and will be in a different class of airline for employees than UA or US where those employees have lost their pension benefits with nowhere close to any consideration for the pain they have endured.