United Air Creditors Oppose Deal with Pilots
 

United Airlines' creditors, along with some banks and unions, have joined the federal government in opposing a deal in which United would terminate its pilots' pension plan and offer the pilots equity in the airline, the New York Times reported. The discussions will come in a federal bankruptcy court in Chicago tomorrow, as the pilots are set to finish voting on the deal, which United reached with the union leadership last month.

On Friday, United is set to begin a court battle to set aside virtually all of its labor contracts, impose stringent new terms and terminate all of its employee retirement programs, including the one for the pilots, the newspaper reported.

 
 
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