Company Watch - Delta Air Lines.Delta Air Lines Delta proposes payment for ending pension plan, report says. Delta Air Lines will make a $300 million payment to its pilots if it terminates their pension plan, the Wall Street Journal reports, quoting unnamed sources. Delta said it has not decided whether to keep or terminate the plan. Delta, which is operating under bankruptcy protection, is in contract negotiations with its pilots union. February 10, 2006 Delta sues U.S. government for nonpayment of military flights: Delta Air lines has sued the U.S. government and says it is transporting military personnel at a cost of $117,000 a day without receiving any compensation. The airline said it continues to fly military personnel because it is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to do so under a contract that expires Sept. 30. February 9, 2006 Delta seeks severance package A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when plan aimed at keeping its top managers. Delta, which operates under bankruptcy protection, is experiencing high attrition Attrition The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry. Notes: . Qualifying executives would receive between six and 12 months salary if their jobs are eliminated. February 9, 2006 Delta creditor An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence asks judge to ensure jet maintenance. A Delta Air Lines creditor has asked a bankruptcy court judge to force the airline to keep up regular maintenance on 32 jetliners used as collateral for debt. Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank, acting as a trustee for investors who purchased some of the airline's debt, wants the airline to use the planes so they remain air worthy. Delta has said in court documents that it continues to maintain the planes. February 8, 2006 Delta may use trust fund to cover other costs, judge rules. Delta Air Lines may use money from a disability and survivor trust fund to cover other expenses, a bankruptcy judge ruled. The judge noted Delta has repeatedly stated that it does not plan to change retirees' entitlements. February 7, 2006 |
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