Company Watch - Delta Air Lines.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Sep 11, 2006 Comair president faces challenges in first three months. The crash of a Comair plane last month was the latest challenge for Comair President Don Bornhorst, who took the post three months ago. Bornhorst is trying to guide the airline out of bankruptcy protection and reach a contract agreement with the company's flight attendants. Sep 6, 2006 Comair gets extension from Delta; first crash lawsuit filed. Comair received an extension Friday from Delta Air Lines to Oct. 2 for submitting its bid for Regional jet services. At the same time, the first lawsuit was filed against the carrier by a family of one of the victims from last week's fatal CRJ CRJ Canadair Regional Jet CRJ Chiropractic Research Journal CRJ Commission for Racial Justice CRJ Cylinder Reduction Jumper 200 crash. A lawsuit was filed Friday on behalf of passenger Rebecca Adams in which lawyers argued that Comair's negligence led directly to the crash. The airline said it cannot comment on pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. but acknowledged that more lawsuits are likely. Sep 5, 2006 Court allows Delta to end pilot pension plan. A federal bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. on Tuesday granted Delta Air Lines' request to terminate its pilots' pension plan. The carrier also needs approval from the Pension Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Corp. Ending the pension is a key part of Delta's plan to lower costs and emerge from bankruptcy protection. Sep 6, 2006 Delta Air Lines yesterday received permission from the US Bankruptcy Court to terminate its pilot defined benefit pension plan. The carrier established Sept. 2 as the effective termination date termination date, n See expiration date. but still must obtain approval from the US Pension Benefit Guaranty Corp. Termination had been opposed by a group of 100 retired pilots, but that organization removed its objection over the weekend. DL will pay the group some $500,000 to cover legal fees and other expenses. "Unfortunately, the Airline Relief Act provisions provide no relief from the unaffordable un·af·ford·a·ble adj. Too expensive: medical care that has become unaffordable for many. un costs resulting from the pilot plan's lump sum Lump sum A large one-time payment of money. feature, expected to exceed more than $1 billion in the near term alone, that would confront Delta upon emergence from bankruptcy and beyond," Executive VP and CFO See Chief Financial Officer. Edward Bastian said. Sep 6, 2006 Delta Air Lines issued an RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. for a portion of its Delta Connection services operated by subsidiary Comair and other carriers as part of its effort to cut costs and emerge from bankruptcy. Comair President Don Bornhorst said he sought an extension of Delta's Sept. 18 deadline so executives at the Regional can "keep our focus now exactly where it should be" in contending with the crash's aftermath. The carrier, also in bankruptcy, is trying to retain existing Delta Connection services as well as win new services. But dealing with the crash investigation and the families of the flight's 49 victims is its immediate priority. Sep 5, 2006 Delta to charge Amadeus clients $3.50-per-segment fee. Friday morning, Delta notified agencies that use Amadeus that it would begin charging a $3.50-per-segment fee on all Amadeus bookings. The changes went into effect at noon EST EST electroshock therapy. EST abbr. electroshock therapy on Friday. Sep 5, 2006 Delta may push back deadline for regional flying bids: Delta Air Lines may relax a Sept. 18 deadline for bidding on its regional routes because of the ongoing crash investigation at Comair. Delta last week said it would take bids on its regional routes, a move that put more pressure on Comair to secure cost-cutting labor contracts. Sep 4, 2006 |
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