nwaf16dude
Well-known member
- Joined
- Nov 8, 2008
- Posts
- 305
I defer to previous posts about HAL.
I submit that the NWA bankruptcy, as previously mentioned, was tied to the DAL bankruptcy as the filed within minutes of each other in the same NY court. Since they both weren't destined for Ch. 13 they worked out the synergies between companies and unions. As I understand it, the NWA pilots were able to keep their pensions, but the DB program never applied to DAL and no longer applies to newhires. They did not hang on to pensions. So, that is a significant change to the pilot group(s).
The NWA pilot pensions were frozen and a new DC/401k plan was put in place.