Rez O. Lewshun
Save the Profession
- Joined
- Jan 19, 2004
- Posts
- 13,422
Air Canada seeks to halt pension funding
Facing a liquidity crisis, Air Canada CEO Calin Rovinescu says the carrier needs "immediate" relief from pension funding requirements. Air Canada, which lost $342 million in the first quarter, is asking its 25,000 employees and 25,000 retirees for a funding "moratorium."
http://atwonline.com/news/story.html?storyID=16562
http://online.wsj.com/article/SB124182028211901989.html?mod=dist_smartbrief
Facing a liquidity crisis, Air Canada CEO Calin Rovinescu says the carrier needs "immediate" relief from pension funding requirements. Air Canada, which lost $342 million in the first quarter, is asking its 25,000 employees and 25,000 retirees for a funding "moratorium."
http://atwonline.com/news/story.html?storyID=16562
http://online.wsj.com/article/SB124182028211901989.html?mod=dist_smartbrief