MEC approved the TA (Malone did NOT say "unanimously"). Now sent to pilots for ratification (voting Nov 1 thru Nov 11)
32.5% reduction from May 2004 rates effective Dec 1, to stay flat for the length of the 5-year contract.
****Defined benefit plan frozen. New defined contribution plan.****
Many changes to work rules.
PBS.
Options to purchase 30mm shares of Delta stock (15%).
32.5% reduction from May 2004 rates effective Dec 1, to stay flat for the length of the 5-year contract.
****Defined benefit plan frozen. New defined contribution plan.****
Many changes to work rules.
PBS.
Options to purchase 30mm shares of Delta stock (15%).