A $280-million-a-year concession agreement between Delta Air Lines Inc. and its pilots was approved Wednesday by a U.S. Bankruptcy Court judge. The decision rejected claims by the government's pension insurer that it should receive the compensation the pilots were promised if their pension is terminated. The agreement, which runs through 2009, will take effect today.
See "Delta Pact With Pilots Wins Court Approval", Associated Press, Los Angeles Times, May 31, 2006